Most home owners are still waiting to find out if the Reserve Bank's first rate cut in 18 months will deliver any financial relief.
Westpac, Commonwealth Bank and National Australia Bank said their standard variable mortgage interest rates are "under review" after the RBA lowered the cash rate to a new record low of 2.25 per cent.
A decision by ANZ won't be known until Friday, due to its monthly practice of reviewing rates several days after the RBA's decision.
"Our normal process will apply and we will be making a decision by the Friday following an RBA meeting," an ANZ spokesman said.
The RBA's cash rate was lowered by a quarter of a percentage point to 2.25 per cent in an effort to boost economic growth.
Smaller lenders ME Bank and ING Direct were quick to pass on the rate cut.
ME Bank's standard variable interest rate will drop to 5.13 per cent from February 20 while ING's Mortgage Simplifier product will be at 4.97 per cent from the same date.
