Fixed and variable home loans fall ahead of expected cash rate cut by RBA

Australia's interest rate is forecast to fall from 4.35% to 3.6% by this time next year, prompting seven lenders to cut their rates this week

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Lenders have started lowering their mortgage rates en masse influenced by expectations of future interest rate cuts by the Reserve Bank - moves that could tempt borrowers to restructure their home loans.

The downward drift in rates is especially prevalent in fixed loans, with seven lenders cutting their rates by an average of 0.3 percentage points over the past week, according to Canstar. Four lenders cut variable rates by smaller margins.

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