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Macquarie Bank has reduced its full suite of fixed rates by up to 30 basis points.
The one-year rate has fallen from 4.69 to 4.59 per cent, the two-year rate has fallen from 4.79 to 4.69 per cent and the three-year rate has fallen from 4.89 to 4.79 per cent.
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The four-year rate has fallen from 5.19 to 4.99 per cent, while the five-year rate has fallen from 5.29 to 4.99 per cent.
One lender after another has made rate cuts in 2014, with several continuing to lower prices even in December.
Mortgage Ezy launched a clawback-free product called The Economizer, which is available at 4.34 per cent, while Wide Bay Australia and Suncorp Bank trimmed their three-year rates.
Meanwhile, investment analyst Morningstar has forecast that mortgage lending will continue to increase in 2015.
"Overall, credit quality continues to improve following several years of selective bank lending and historically low interest rates," Morningstar said.
"Earnings growth has been strong in recent years despite moderate credit growth, as a result of diversified business models, falling bad debts and tight control of operational expenses."
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