The reserve bank's decision to leave the official cash rate on hold this month has come as no surprise to economists.
Following fixed rate cuts from NAB/Homeside and Westpac, a non-major lender has slashed fixed rates by as much as 40 basis points.
Fixed rate home loans continue to be popular with borrowers, as demand climbs in almost every state.
The RBA has kept the official cash rate on hold, but highlighted ongoing concerns surrounding the high Australian dollar.
With the Reserve Bank’s interest rate cutting cycle seemingly coming to an end, borrowers flocked to fixed rate loan products in November.
A new survey shows more than half of Australian first home buyers are contributing more than 30% of their income to mortgage repayments