Most mortgage lenders passed on the full 50 basis point increase in the cash rate last month, as they have been doing since May, but as the rate tightening cycle continues a growing number are not passing on the full cash rate increase to borrowers.

And, according to the latest Mozo Banking Roundup, 29 lenders cut at least some of their fixed rates in August.

Mozo reported that in the variable rate market Bank First increased its Complete Home Loan rate by just 13 basis points to 3.59 per cent and Bank Australia increased the rates on its Basic Home Loan by 25 to 39 bps.

Macquarie increased its variable rates by 40 to 50 bps, depending on borrower and loan type, with rates starting at 3.64 per cent.

NAB targeted owner occupiers with loan-to-valuation ratios below 80 per cent with a 30 bps increase in its Basic Variable loan. The equivalent rate for investors rose 20 bps.

Bankwest, Gateway Bank, Regional Australia Bank and Westpac also increased at least some rates by less than 50 bps.

Lenders that cut fixed rates included Commonwealth Bank, which cut its four-year rate by 160 bps, Westpac (four-year rate down 100 bps), Macquarie (all terms cut by 75 bps), ING Bank, Athena, Bank of Queensland, Bank Australia, Bankwest, Firstmac, and Suncorp.

The current variable rate leaders in the Mozo data base are Australian Mutual Bank, which has an owner occupier rate of 3.04 per cent, and East Street, which has an investor rate of 3.24 per cent.

The Capricornian is offering the lowest one-year rate of 3.55 per cent; Queensland Country Bank and The Capricornian are offering 3.99 per cent for two years and Queensland Country Bank is offering 3.99 per cent for three years.

For four years, Bank of Queensland, bcu, Commonwealth Bank, IMB, ING, P&N Bank, People’s Choice and Westpac are all offering 4.99 per cent.

And for five years, Bank of Queensland is offering 4.99 per cent.