Competition is alive and well in the mortgage market, with many lenders dropping their rates to levels not seen in nearly a decade.

Your Mortgage's website - - currently features standard variable home loans carrying interest rates below 5%.

For example, a fully featured standard variable loan product offered by Reduce Home Loans has dropped to 4.83%. Pacific Mortgage Group is also offering a bargain, with its standard variable loan attracting an ultra low 4.92% with no application fee or ongoing costs.

Other lenders including Homestar Finance and Better Option Home Loans also offer mortgages under 5%.

For the complete list of top ranking loans, go to