With Christmas just around the corner, CommBank has hiked its fixed interest rates by up to 25 basis points across various home loans.
Commonwealth Bank has lifted its fixed interest rates across its owner-occupier and investor home loans by up to 25 basis points.
The big bank also increased its fixed interest rates by up to 60 basis points almost three weeks ago.
Some of today's notable fixed rate movements include:
- Residential Fixed P&I 4 yrs: 25 basis point increase to 3.49% p.a. (4.34% comparison rate)
- Wealth Package Residential Fixed P&I 4 yrs 150k+: 25 basis point increase to 3.34% p.a. (4.10% comparison rate)
- Investment Fixed P&I 5 yrs: 20 basis point increase to 3.84% p.a. (4.74% comparison rate)
These hikes come as as many lenders continue with the trending fixed mortgage squeeze, despite the RBA closing off 2021 with the maintained 0.10% cash rate.
Image by Lynda Hinton on Unsplash