Home loan borrowers can expect more discounts to already record-low interest rate deals as fixed-rate offers continue to tumble.


Since the RBA’s meeting at the start of the month, fixed-loan rats have been reduced by more than a dozen lenders on about 200 loans – and some by as much as 0.6 percentage points.


Analysis by financial comparison website RateCity shows National Australia Bank, Bank of Queensland, Virgin Money, iMortgage, Australian Unity and AusWide are among those cutting fixed rates.


NAB announced it was cutting fixed rates below 4% for various owner-occupied loans, to be the lowest among the big four.


InfoChoice also showed variable rates are coming down — lender ING Direct this month reduced owner-occupier loans with a 80-90% loan-to-value ratio to 3.99% — down from 4.09%.