Lenders have resorted to talk of intense competition and deep rate cuts to create interest in a stagnant mortgage market where the cash rate has not moved for six months. However, a review of the data shows not much is actually going on.Since the start of the year 26 lenders have changed their three-year fixed home loan rates, with the average change being a reduction of just two basis points, according to Infochoice. Of the 26 lenders, 11 actually put rates up.Twenty lenders changed their five-year fixed rates over the same period, with the average change being a reduction of two basis points. And 15 lenders changed their one-year rates, with the average change being a reduction of one basis point.There have been a few big movers. HSBC cut its three-year rate by 30 basis points, Teachers Mutual Bank cuts its three-year rate by 39 basis points and Citibank cut its three-year rate by 19 basis points. But the changes have been modest and are more a reflection of moves in the swap market, rather than a deliberate move by lenders to be more competitive.One significant development this year has been the willingness of lenders to move their variable rates. Bank of Melbourne, Bank of Queensland, Bankwest, Citibank, Homeloans Ltd, HSBC, ING Direct, Resi, Suncorp and Westpac are among those that have adjusted their variable rates since the start of the year.But these moves were modest with an average reduction of six basis points.