Athena cuts variable rates 9 times in 3 years

Last updated Wednesday, 9 February 2022

As Aussie home borrowers face down the increasingly likely prospect of interest rate rises, one mortgage challenger is bucking the trend and dropping its variable rates to new record lows.Popular online lender Athena has just cut its variable rates for the 9th time in 3 years. Athena now has some of the lowest fee-free variable rates in the Mozo comparison database, starting from just 1.89% p.a. for owner occupier borrowers.“There is a lot of speculation that the cash rate will go up later this year, so we have the opportunity to allow our customers to save more and get ahead on their loan before that happens. That’s what our voluntary rate drop is all about”, said Nathan Walsh, Athena CEO and Co – Founder.Since launching in 2019, Athena has made a name for itself for consistently passing through RBA rate cuts to both new and existing customers.The mortgage challenger estimates it has saved Australians $414 million in interest so far, and customers are loving it. Athena customer Sue from Victoria told Mozo, “The only regret I have is not leaving my previous provider earlier…. Don’t waste your time and money with the big banks”.So if you're looking for a better value mortgage that could save you thousands, read on for our expert rundown of Athena’s lowest new home loans for owner occupiers and investors….

ANZ follows fellow major banks with fixed home loan rate hikes

Last updated Wednesday, 9 February 2022

Australia’s fourth largest bank, ANZ, has lifted interest rates on several fixed home loans by between 10 and 40 basis points, becoming the last of the big four banks to do so in recent weeks.

Renters hit with price jumps in 2021, property owners benefit

Tuesday, 8 February 2022

Last year, national rental prices saw an increase of 7.4%, making it the highest growth year since 2009. And now the average rental property in Australia is at $499 as of December 2021 compared to $465 in December 2020, says Domain's latest Quarterly Rent Report .

NAB joins CBA and Westpac in raising fixed mortgage rates

Last updated Friday, 4 February 2022

National Australia Bank (NAB) has become the latest major bank to increase interest rates on its fixed rate home loans, bumping up rates by between 10 and 20 basis points this morning.

Rate change: ING raises home loan rates

Last updated Wednesday, 2 February 2022

Online bank ING has announced that it will be lifting interest rates on a number of its fixed and variable home loans by 10-30 basis points effective tomorrow (February 3).

It’s official, home buyers took on debt like never before in 2021

Last updated Wednesday, 2 February 2022

New loan commitments taken on by Australian property buyers reached new heights over the course of 2021 according to figures released by the Australian Bureau of Statistics (ABS) on Tuesday.

More Aussie couples buying a home before tying the knot

Thursday, 27 January 2022

The Australian property market’s current run has fuelled a fresh round of FOMO. So much so that for many Australians, buying a home has become a more pressing goal than tying the knot.

Median house prices in Australian capital cities surpass $1 million

Thursday, 27 January 2022

House prices have continued their meteoric rise in Australia, in particular around capital cities where the median house price has hit a record $1.066 million.

These super low fixed home loan rates won’t last for much longer

Monday, 17 January 2022

Fixed rate home loans surged in popularity in 2021 as Aussie borrowers raced to lock in at record low rates. While many lenders have already started pushing fixed rates up from last year’s record lows, there are still a handful of incredibly low fixed rate deals on the market right now for borrowers who are prepared to act fast.The Reserve Bank convenes its first meeting of the new year in early February, and while the official interest rate isn’t expected to rise immediately, there are growing predictions from the nation’s economists that it might rise as soon as late 2022.For borrowers who haven’t yet locked in and like the idea of doing so to provide peace of mind against future rate rises, the Mozo Editors have rounded up some of the top fixed rate home loans currently on the market under 2.00%. But be quick, as these super low deals won’t last for much longer….

Is 2022 your last chance to lock in a low fixed home loan rate?

Last updated Wednesday, 12 January 2022

After reaching some of the lowest points recorded in years during 2021, interest rates on fixed home loans have started rising across the board.

Disclaimer

Who we are and how we get paid

Our goal at Mozo is to help you make smart financial decisions and our award-winning comparison tools and services are provided free of charge. As a marketplace business, we do earn money from advertising and this page features products with Go To Site links and/or other paid links where the provider pays us a fee if you go to their site from ours, or you take out a product with them. You do not pay any extra for using our service.

We are proud of the tools and information we provide and unlike some other comparison sites, we also include the option to search all the products in our database, regardless of whether we have a commercial relationship with the providers of those products or not.

'Sponsored', 'Hot deal' and 'Featured Product' labels denote products where the provider has paid to advertise more prominently.

'Mozo sort order' refers to the initial sort order and is not intended in any way to imply that particular products are better than others. You can easily change the sort order of the products displayed on the page.

Home loan news and advice