Since the inflation numbers for the December quarter last year came in, the RBA ASX rate tracker has stayed consistent - market expectations are there is a 95% chance the RBA will cut the cash rate to 4.10% on 18 February.

Economists from all of the big four banks are now officially predicting a rate cut now NAB and Westpac have their forecasts after the Q4 price changes were revealed.

NAB followed this by cutting its fixed rate home loans for both owner occupiers and investors in this week's biggest mortgage market news.

The cuts take the lowest advertised rate at NAB below anything at Commonwealth Bank or Westpac for owner occupiers.

Read more: NAB cut fixed home loan rates

Heritage Bank cuts variable rates for investors by 10 bps

ProductRate Change
Investment Discount Variable P&I (LVR ≤70%)Down 10 bps to 6.14% p.a. (6.16% p.a. comparison rate*)
Investment Discount Variable P&I (LVR 70-80%)Down 10 bps to 6.24% p.a. (6.26% p.a. comparison rate*)
Investment Discount Variable P&I (LVR 80-90%)Down 10 bps to 6.64% p.a. (6.66% p.a. comparison rate*)
Home Advantage Investment Variable P&I (LVR ≤70%)Down 10 bps to 6.29% p.a. (6.63% p.a. comparison rate*)
Home Advantage Investment Variable P&I (LVR 70-80%)Down 10 bps to 6.39% p.a. (6.73% p.a. comparison rate*)
Home Advantage Investment Variable P&I (LVR 80-90%)Down 10 bps to 6.79% p.a. (7.13% p.a. comparison rate*)

Besides NAB, the largest lender to cut rates this week was Heritage Bank, Australia's largest customer owned outfit.

The new lowest variable rate for investors at Heritage bank becomes 6.14% p.a., one of the most competitive rates on market, with a 6.16% p.a. comparison rate*.

Other movers

  • imb Bank cut some variable rates by up to 20 bps

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Buying a home or looking to refinance? The table below features home loans with some of the lowest interest rates on the market for owner occupiers.

Update resultsUpdate
Filters
LenderHome LoanInterest Rate Comparison Rate* Monthly Repayment Repayment type Rate Type Offset Redraw Ongoing Fees Upfront Fees Max LVR Lump Sum Repayment Extra Repayments Split Loan Option TagsFeaturesLinkComparePromoted ProductDisclosure
5.94% p.a.
5.98% p.a.
$2,978
Principal & Interest
Variable
$0
$530
90%
  • Owner Occupier
  • Variable
  • Principal & Interest
  • 10% Min Deposit
  • Redraw
  • Extra Repayments
  • More details
  • Available for purchase or refinance, min 10% deposit needed to qualify.
  • No application, ongoing monthly or annual fees.
  • Dedicated loan specialist throughout the loan application.
 Disclosure
5.89% p.a.
5.80% p.a.
$2,962
Principal & Interest
Variable
$0
$0
80%
  • Built and funded by CommBank
  • Owner Occupier
  • Variable
  • Principal & Interest
  • 20% Min Deposit
  • Redraw
  • More details
  • No application or ongoing fees. Annual rate discount
  • Unlimited redraws & additional repayments. LVR <80%
  • A low-rate variable home loan from a 100% online lender. Backed by the Commonwealth Bank.
 Disclosure
5.99% p.a.
6.02% p.a.
$2,995
Principal & Interest
Fixed
$0
$0
60%
  • Owner Occupier
  • Fixed 3 Years
  • Principal & Interest
  • 40% Min Deposit
  • Redraw
  • More details
  • Competitive rates to help you save
  • A Dedicated Relationship Manager
  • Certainty of repayments with a fixed rate term
 Disclosure
5.93% p.a.
5.93% p.a.
$2,975
Principal & Interest
Variable
$0
$395
70%
  • Owner Occupier
  • Variable
  • Principal & Interest
  • 30% Min Deposit
  • Redraw
  • More details
 Disclosure
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Important Information and Comparison Rate Warning
Important Information and Comparison Rate Warning
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