- 20 lenders have increased some or all of their fixed home loan interest rates this week
- It's another signal the market is preparing for the cash rate to rise in 2026
- NAB, ANZ, and ING were among the lenders to lift fixed rates this week, following the market-wide trend
It's been a huge week on the home loan market with 20 lenders raising their fixed home loan rates in what appears to be a pre-Christmas rush.
ANZ joined the party on Friday morning following its big bank counterpart NAB that lifted its fixed rates on Tuesday.
They follow other major lenders that have increased some or all of their fixed rates over the past three weeks.
See also:
- Westpac raises fixed home loan rates - again
- Macquarie lifts fixed rate home loans
- CBA quietly pulls sub-5% home loan
Online bank ING, Australia's sixth-largest home lender, and Bendigo Bank, the seventh-largest, also raised their fixed rates on Friday.
This week's wave comes as economists from two of the big banks - CommBank and NAB - updated their outlooks to forecast a 0.25% jump to the cash rate in February.
This would see the cash rate, currently at 3.60%, jump to 3.85% - back to where it was in May 2023.
ANZ's new fixed home loan rates
ANZ has increased its fixed rates by up to 0.35%, with its new featured rate up 0.25% to 5.44% p.a. (6.29% p.a. comparison rate*) for owner-occupier borrowers with up to 80% loan-to-value ratio (LVR) fixing for two years.
Here's a selection of ANZ's fixed rates for owner occupiers making principal and interest (P&I) repayments:
| Fixed term | New rate (% change) | Comparison rate* |
| 1 year ≤80% LVR | 5.49% p.a. (+0.15) | 6.39% p.a. |
| 80-90% LVR | 5.94% p.a. (+0.20) | 6.62% p.a. |
| 2 years ≤80% LVR | 5.44% p.a. (+0.25) | 6.29% p.a. |
| 80-90% LVR | 5.89% p.a. (+0.25) | 6.54% p.a. |
| 3 years ≤80% LVR | 5.64% p.a. (+0.30) | 6.25% p.a. |
| 80-90% LVR | 6.09% p.a. (+0.30) | 6.52% p.a. |
| 4 years ≤80% LVR | 5.89% p.a. (+0.15) | 6.23% p.a. |
| 80-90% LVR | 6.34% p.a. (+0.15) | 6.57% p.a. |
| 5 years ≤80% LVR | 5.89% p.a. (+0.15) | 6.23% p.a. |
| 80-90% LVR | 6.34% p.a. (+0.15) | 6.54% p.a. |
Investor home loan rates have also taken a hike.
The rates for those choosing to make P&I repayments follow:
| Term | New rate (% change) | Comparison rate* |
| 1 year ≤80% LVR | 5.64% p.a. (+0.15) | 6.94% p.a. |
| 80-90% LVR | 6.09% p.a. (+0.15) | 7.17% p.a. |
| 2 years ≤80% LVR | 5.59% p.a. (+0.20) | 6.79% p.a. |
| 80-90% LVR | 6.04% p.a. (+0.20) | 7.04% p.a. |
| 3 years ≤80% LVR | 5.79% p.a. (+0.25) | 6.72% p.a. |
| 80-90% LVR | 6.24% p.a. (+0.20) | 6.99% p.a. |
Investors choosing interest-only repayments see their fixed rate jump by 0.20% on the rates above.
ING hikes fixed rates by 0.35%
Similarly, ING has increased its fixed rate home loans, including its Orange Advantage package loans, across the board.
Here is a selection of ING's new fixed rates for owner-occupier borrowers making P&I repayments:
| Term | New rate (% change) | Comparison rate* |
| 1 year ≤80% LVR | 5.64% p.a. (+0.25) | 5.44% p.a. |
| 80-90% LVR | 5.74% p.a. (+0.25) | 5.63% p.a. |
| 90-95% LVR | 5.84% p.a. (+0.25) | 5.96% p.a. |
| 2 years ≤80% | 5.64% p.a. (+0.35%) | 5.47% p.a. |
| 80-90% LVR | 5.74% p.a. (+0.35) | 5.65% p.a. |
| 90-95% LVR | 5.84% (+0.35) | 5.95% p.a. |
| 3 years ≤80% LVR | 5.69% p.a. (+0.30) | 5.50% p.a. |
| 80-90% LVR | 5.79% p.a.(+0.30) | 5.67% p.a. |
| 90-95% LVR | 5.89% p.a. (+0.30) | 5.95% p.a. |
| 4 years ≤80% LVR | 5.79% p.a. (+0.35) | 5.56% p.a. |
| 80-90% LVR | 5.89% p.a. (+0.35) | 5.73% p.a. |
| 90-95% LVR | 5.99% p.a. (0.35%) | 5.99% p.a. |
| 5 years ≤80% LVR | 5.79% p.a. (+0.35) | 5.59% p.a. |
| 80-90% LVR | 5.89% p.a. (+0.35) | 5.75% p.a. |
| 90-95% LVR | 5.99% p.a. | 5.99% p.a. |
The rates for owner-occupiers taking out Orange Advantage package home loans are 0.10% lower than those above.
ING's investor rates have also increased across the board.
See also: Investment property home loan rates
Bendigo Bank lifts fixed rates by 0.44%
Bendigo Bank has also increased fixed rates on its Express and Complete Package home loans for both owner occupiers and investors.
Its best new rate is 5.38% p.a. (5.60% p.a. comparison rate* for ≤60% LVR; 5.63% p.a. comparison rate* for 60.01-80% LVR) for owner occupiers fixing a Complete home loan for two years and making P&I repayments.
There was downward movement in some rates, however, with the bank knocking 0.11% off its Express one-year fixed rates for both owner occupiers and investors.
The lowest of these is 5.43% p.a. (5.60% p.a. comparison rate* for ≤60% LVR; 5.64% p.a. comparison rate* for 60.01-80% LVR) for owner occupiers making P&I repayments.
Bendigo-owned online brand Up also hiked its fixed rate home loans by up to 0.40% on Friday.
Why are fixed home loan rates going up?
With market sentiment increasingly backing an early hike in interest rates in 2026, lenders have been moving both their term deposit and fixed home loan rates higher over the past couple of months.
The two tend to go hand in hand with deposit-takers increasing their term deposit rates in a bid to attract a more stable source of funds ahead of anticipated demand for fixed home loans which are more expensive to finance on the wholesale lending market.
Some existing borrowers will now be considering whether to switch their home loans to a fixed rate ahead of possible cash rate rises in 2026.
See also: Should you fix your home loan interest rate?
New borrowers, including those buying under the federal government's expanded 5% Deposit Scheme, may also be considering signing up to a fixed rate.
As it stands, many low fixed rates, including some under the 5% mark, have been disappearing from the market, particularly this week.
Lenders tend to move their fixed interest rates higher at the first sniff of a possible rise in the cash rate so they are not locked into charging interest at a much lower rate than where the market moves during the fixed term.
Setting - and taking up - fixed home loan rates is always something of a gamble for both lender and borrower.
Even highly paid economists and market analysts don't always get their forecasts right.
Move Bank with some good news
Before we get to the long list of lenders that have hiked their fixed rates this week, there was one lender swimming against the tide.
Customer-owned MOVE Bank cut its variable rates by up to 0.25%, bringing its new lowest rate to 5.14% p.a. (5.19% p.a. comparison rate*) for new owner occupier borrowers with up to 80% loan-to-value ratio (LVR).
Here's the new variable rate schedule for owner occupiers making principal and interest (P&I) repayments:
| Product | New rate (% change) | Comparison rate* |
| Everyday Home Loan ≤80% LVR | 5.14% p.a. (-0.10) | 5.19% p.a. |
| 80-90% LVR | 5.34% p.a. (-0.05) | 5.39% p.a. |
| >90% LVR | 5.44% p.a. (-0.05) | 5.49% p.a. |
| Offset Home Loan ≤80% LVR | 5.34% p.a. (-0.10) | 5.39% p.a. |
| 80-90% LVR | 5.54% p.a. (-0.05) | 5.59% p.a. |
| >90% LVR | 5.64% p.a. (-0.05) | 5.69% p.a. |
New investor rates apply to those making P&I repayments, as follows:
| Product | New rate (% change) | Comparison rate* |
| Everyday ≤80% LVR | 5.29% p.a. (-0.10) | 5.34% p.a. |
| Everyday >80% LVR | 5.44% p.a. (-0.05) | 5.49% p.a. |
| Offset ≤80% LVR | 5.49% p.a. (-0.10) | 5.54% p.a. |
| Offset >80% LVR | 5.64% p.a. (-0.25) | 5.69% p.a.) |
Move Bank is also one of the lenders currently still offering a fixed rate of under 5% p.a.
See also: Which home loans offer interest rates under 5%?
Other lenders increasing fixed rates
Here are the other lenders that boosted some or all of their fixed home loan rates this week:
- NAB increased fixed rates by up to 0.20%
- NAB-owned Ubank increased fixed rates by up to 0.90%
- Bank of China varied its home loan rates by up to 0.20%
- Police Credit Union increased fixed rates by up to 0.30%
- Summerland Bank varies fixed interest rates by up to 0.25%
- Great Southern Bank increased fixed interest rates by up to 0.25%
- Bank Australia increased fixed rates by up to 0.60%
- Qudos Bank increased fixed rates by up to 0.60%
- BCU Bank increased fixed rates by up to 0.25%
- P&N Bank increased fixed loans by up to 0.25%
- MyState Bank increased fixed rates by up to 0.60%
- RACQ Bank increased fixed rates by up to 0.75%
- Auswide Bank increased fixed rates by up to 0.60%
- Horizon Bank increased fixed rates by up to 0.30%
- Hume Bank increased fixed rates by 0.20%
- Queensland Country Bank increased fixed rates by up to 0.20%
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Buying a home or looking to refinance? The table below features home loans with some of the lowest interest rates on the market for owner occupiers.
| Lender | Home Loan | Interest Rate | Comparison Rate* | Monthly Repayment | Repayment type | Rate Type | Offset | Redraw | Ongoing Fees | Upfront Fees | Max LVR | Lump Sum Repayment | Extra Repayments | Split Loan Option | Tags | Features | Link | Compare | Promoted Product | Disclosure |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
5.94% p.a. | 5.98% p.a. | $2,978 | Principal & Interest | Variable | $0 | $530 | 90% |
| Promoted | Disclosure | ||||||||||
5.89% p.a. | 5.80% p.a. | $2,962 | Principal & Interest | Variable | $0 | $0 | 80% |
| Promoted | Disclosure | ||||||||||
5.99% p.a. | 6.02% p.a. | $2,995 | Principal & Interest | Fixed | $0 | $0 | 60% |
| Promoted | Disclosure | ||||||||||
5.93% p.a. | 5.93% p.a. | $2,975 | Principal & Interest | Variable | $0 | $395 | 70% | Disclosure |
