With the monetary policy tightening cycle entering its seventh month, more mortgage lenders are opting not to pass on the full cash rate increase.

According to the latest Mozo Banking Roundup, seven lenders increased at least some of their home loan rates by less than 25 basis points in October.

Macquarie Bank raised its variable rate by 20 basis points for borrowers with loan-to-valuation ratios up to 60 per cent, by 15 bps for borrowers with LVRs between 60 and 80 per cent and the full 25 bps for borrowers with LVRs over 80 per cent.

Athena home loans its variable rate for borrowers with LVRs below 70 basis points by only 5 basis points and its rate for loans with LVRs between 70 and 80 per cent by 10 bps.

Auswide passed on only 10 bps for all variable rates. Bank First increased rates by 10 bps for owner occupiers and by 1 bps for investors.

Bank of Queensland increased its Economy Home Loan Variable by 15 bps for some borrowers. Great Southern Bank increased its variable rate for borrowers with an LVR below 80 per cent by 14 bps.

Ubank increased rates in a range between10 and 25 bps, depending on the loan terms and borrower type.

The current rate leader is Police Credit Union, which is offering a variable rate of 3.64 per cent for owner occupiers and 3.94 per cent for investors.

Among the big banks, ANZ’s Simplicity Plus rate is 4.54 per cent, Commonwealth Bank’s Extra Home Loan rate is 4.54 per cent, NAB’s Base Variable Home Loan rate is 4.49 per cent and Westpac’s Flexi First Option rate is 4.34 per cent for two years, rising to 4.74 per cent.