One lender slashed rates by 30 basis points for borrowers with larger deposits.

The Reserve Bank of Australia has kept the lid on its cash rate, but lenders still made some adjustments to their rates over the past week.

Here are some of the latest market changes to mortgage rates:

Macquarie Bank

Macquarie has rolled out cuts across several of its owner-occupier and investor mortgage products.

The cuts ranged from 10 to 30 basis points (bps) and applies to both current rates and revert rates. Below are some of the changes:

30bps cut

  • Basic Variable Owner Occupied IO 60% LVR - 2.59% p.a. (2.59% p.a. comparison rate)
  • Basic Variable Owner Occupied IO 70% LVR - 2.59% p.a. (2.59% p.a. comparison rate)

20bps cut

  • Basic Variable Investment IO 70% LVR - 2.59% p.a. (2.59% p.a. comparison rate)
  • Offset Variable Investment IO 70% LVR - 2.59% p.a. (2.86% p.a. comparison rate)

15bps cut

  • Basic Variable Owner Occupied PI 60% LVR - 2.14% p.a. (2.42% p.a. comparison rate)*
  • Basic Variable Owner Occupied PI 70% LVR - 2.19% p.a. (2.47% p.a. comparison rate)*
  • Basic Variable Owner Occupied PI 80% LVR - 2.24% p.a. (2.52% p.a. comparison rate)*

*The comparison rates stated above apply for variable rates with offset accounts. Without the offset feature, the comparison rates are the same with the advertised rates.

10bps cut

  • Basic Variable Investment IO 80% LVR - 2.89% p.a. (2.89% p.a. comparison rate)
  • Basic Variable Investment PI 80% LVR - 2.49% p.a. (2.49% p.a. comparison rate)
  • Basic Variable Owner Occupied IO 80% LVR - 2.89% p.a. (2.89% p.a. comparison rate)
  • Basic Variable Owner Occupied PI 90% LVR - 2.69% p.a. (2.69% p.a. comparison rate)

Heritage Bank

Heritage Bank has raised its fixed rates by 10bps for the Home Advantage Investment product, as well as for the basic investment and residential loan offers.

Here are some of the changes:

  • 3-Year Fixed Rate Owner Occupied P&I - 2.29% p.a. (4.07% p.a. comparison rate)
    • Home Advantage Package Comparison Rate - 3.06%
  • 5-Year Fixed Rate Owner Occupied P&I - 2.69% p.a. (3.91% p.a. comparison rate)
    • Home Advantage Package Comparison Rate - 3.15%
  • 3-Year Fixed Rate Investment P&I - 2.49% p.a. (4.51% p.a. comparison rate)
  • 3-Year Fixed Rate Investment IO - 2.59% p.a. (4.57% p.a. comparison rate)
  • 5-Year Fixed Rate Investment P&I - 2.99% p.a. (4.35% p.a. comparison rate)
  • 3-Year Fixed Rate Investment IO - 3.19% p.a. (4.45% p.a. comparison rate)

BankVic

BankVic has unveiled its newest two-year introductory rate at 1.95% p.a. (2.92% p.a. comparison rate).

This introductory offer is available for both new applicants and refinancers.

The rate will revert to BankVic's variable rate, which is currently at 3.11% p.a. (3.16% p.a. comparison rate), when the introductory period ends.

Bank of Queensland

Bank of Queensland has adjusted the rates across its investment products with the $1 Lenders Mortgage Insurance offer. This applies to loans with LVRs of up to 85%.

Here are some of the changes:

  • Investment Fixed P&I 4 yrs 80-85%LVR $1 LMI Offer – 3.24% p.a. (comparison rates are not available as of press time)
  • Investment Fixed P&I 5 yrs 80-85% LVR $1 LMI Offer – 3.29% p.a. (comparison rates are not available as of press time)

The $1 LMI offer will be available on home loan applications received between 6 September 2021 and 15 January 2022.

Newcastle Permanent

Newcastle Permanent has made a few changes to the rates of its special offer loan packages. Here are some of the changes the lender made:

  • Premium Plus Package Variable P&I 80-95%LVR 150k+ Special Offer - 3.21% p.a. (3.61% p.a. comparison rate)
  • Premium Plus Package Variable P&I <80%LVR 150k+ Special Offer – 2.69% p.a. (3.10% p.a. comparison rate)
  • Real Deal P&I Special Offer 80% LVR 150k+ - 2.49% p.a. (2.53% p.a. comparison rate)

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