Jasmine Gearie

Treasurer Jim Chalmers has officially announced the 2024–25 federal budget, with new tax cuts for all Australians, an energy bill rebate and a freeze on the cost of medicines.

Essential workers have access to the lowest variable home loan rate in the Mozo database this month from G&C Mutual Bank, with an interest rate of 5.80% p.a. (5.83% p.a. comparison rate*).

Newcastle Permanent has cut the interest rate on select variable rate home loans by up to 0.10% p.a., with its Real Deal Home Loan (LVR <80%) dropping to 6.09% p.a. (6.13% p.a. comparison rate*).

Westpac has cut select fixed rate home loans by 0.80% p.a., making it the second Big Four bank to pull back on its fixed interest rates in the past month.

We've seen a slew of fixed rate cuts from major banks in the past two months, but does that mean now is a good time to lock in a low rate on your home loan?

Are you an ING banking customer? You'll soon be able to snag six months worth of free delivery on Menulog.

ANZ has finally cut interest rates on its fixed rate home loans , with the bank now offering loans for under 6% p.a.

ANZ has dropped its fixed rate home loans for the second time in just one month, with rates now as low as 5.74% p.a.

NAB has delivered the first cut to its Base Variable Rate Home Loan this year, dropping by 40 basis points.

Mozo is one of Australia's leading financial comparison sites, comparing more than 1,800 products from over 200 banking, insurance, energy and internet providers.