Homeloans.com.au has announced a slight decrease in its rate for its Homeloans MoniPower product.

Borrowers can now take advantage of the lower interest rate from 4.94% to 4.84%. The comparison rate now sits at 4.88% from 4.98%.

The lender’s website states that Homeloans MoniPower has no ongoing monthly or annual fees and that the $199 application fee is waived on all new loans.

With interest rates at their lowest for more than 50 years, there are some great rates available. The best thing to do is to compare rates from all the lenders. Let us help take the leg work out of doing this - Compare Home Loans now