Some of the top rated home loans for April 2025

The Reserve Bank of Australia cut the cash rate in February for the first time in the current cycle, offering a sign of relief to borrowers after a long stretch of rate hikes. But in April, the RBA held steady at 4.10%, signalling a cautious wait-and-watch approach as it monitors inflation trends, global risks, and domestic economic data.

Meanwhile, global developments are starting to weigh in. Recent tariff announcements by U.S. President Donald Trump are likely to have significant implications for global trade and growth. These tariffs, which have raised the average U.S. tariff rate to its highest level in a century, are expected to slow global demand, potentially impacting inflation and economic growth worldwide. 

Treasurer Jim Chalmers noted that while Australia can manage the direct impact of these tariffs, economic growth will likely suffer due to the slowdown in the U.S. and Chinese economies. The tariffs could lead to a 0.1% decrease in Australian GDP by 2025 and a 0.2% rise in inflation.

This changing global outlook is now being factored into interest rate forecasts. ANZ, which previously held a more conservative view, now expects three rate cuts in 2025.

In the meantime, homeowners can give themselves a rate cut by exploring the market for refinancing deals that may suit their situation better.

Switching to a home loan with more favourable terms may ease financial strain. However, it’s essential to assess the overall cost of switching, including fees and other expenses. Borrowers should also evaluate the features and flexibility of various loans to identify options that align with their unique financial goals and household needs.

RateCity’s Real Time Ratings™ can help you quickly compare the options available to you by combining their cost and flexibility into a single star rating. These ratings are updated frequently, and the top-rated choices are ranked on RateCity’s Home Loan Leaderboards. Some of the top-rated mortgage deals in different categories may also be eligible for a RateCity Gold Award.

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