MyRate has cut their variable loan rates by 25 basis points.

Variable loans, including advantage loans and construction Loans, have dropped from 5.42% to 5.17% (comparison rate 5.17%).

The deal includes $0 in fees on standard applications, depending on the final loan details.

Your Mortgage’s home loan calculator shows the rate cut will save customers about $42 a month for a home loan of $300,000 on a loan term of 20 years, compared to the previous rate.