CommBank hikes fixed home loan rates

The largest increases applied to three-year fixed rate home loans for owner occupiers and investors. 

Five-year fixed rates were lifted by a slightly smaller margin of 20 basis points.

All fixed rate increases applied to loans with a maximum loan-to-value ratio (LVR) of 95%. 

Highlights of fixed rate increases across the home loan portfolio of Australia's largest bank included:

• Residential Fixed P&I 3 Years: 25 basis point increase to 3.64% p.a. (4.46% p.a. comparison rate*)
• Residential Fixed P&I 5 Years: 20 basis point increase to 4.14% p.a. (4.53% p.a. comparison rate*)
• Investment Fixed IO 3 Years: 25 basis point increase to 4.04% p.a. (4.98% p.a. comparison rate*)
• Investment Fixed IO 5 Years: 20 basis point increase to 4.14% p.a. (4.87% p.a. comparison rate*)
• Wealth Package Residential Fixed P&I 3 Years 150k+: 25 basis point increase to 3.49% p.a. (4.18% p.a. comparison rate*)
• Wealth Package Residential Fixed P&I 5 Years 150k+: 20 basis point increase to 3.99% p.a. (4.33% p.a. comparison rate*)

See also: Which lenders offer 5 year fixed rate home loans?

CommBank's fixed rate increases come off the back of the bank moving forward its forecast of a RBA cash rate hike from August to June.

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.

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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
loans.com.au	loans.com.au Bare Home Loan (Basic OO P&I <90%)	5.94% p.a.	5.98% p.a.	$2,978	Principal & Interest	Variable			$0	$530	90%				Owner Occupier Variable Principal & Interest 10% Min Deposit Redraw Extra Repayments More details	Available for purchase or refinance, min 10% deposit needed to qualify. No application, ongoing monthly or annual fees. Dedicated loan specialist throughout the loan application.	Go to site	Compare	Promoted	Disclosure
Unloan	Unloan Variable Rate Home Loan LVR < 80%	5.89% p.a.	5.80% p.a.	$2,962	Principal & Interest	Variable			$0	$0	80%				Built and funded by CommBank Owner Occupier Variable Principal & Interest 20% Min Deposit Redraw More details	No application or ongoing fees. Annual rate discount Unlimited redraws & additional repayments. LVR <80% A low-rate variable home loan from a 100% online lender. Backed by the Commonwealth Bank.	Go to site	Compare	Promoted	Disclosure
Regional Australia Bank	Regional Australia Bank Home Loan Fixed (Owner Occupier, Principal and Interest, max lvr 60%) (3 years)	5.99% p.a.	6.02% p.a.	$2,995	Principal & Interest	Fixed			$0	$0	60%				Owner Occupier Fixed 3 Years Principal & Interest 40% Min Deposit Redraw More details	Competitive rates to help you save A Dedicated Relationship Manager Certainty of repayments with a fixed rate term	Go to site	Compare	Promoted	Disclosure
Homestar	Homestar Star Nova LVR <70% (Owner Occupied, Principal and Interest)	5.93% p.a.	5.93% p.a.	$2,975	Principal & Interest	Variable			$0	$395	70%				Owner Occupier Variable Principal & Interest 30% Min Deposit Redraw More details		Go to site	Compare		Disclosure
Reduce Home Loans	Reduce Home Loans EconoME Home Loan (Owner Occupier, Principal & Interest, LVR 60%)	5.99% p.a.	6.01% p.a.	$2,995	Principal & Interest	Variable			$0	$150	60%				$3000 Cashback T&Cs apply Owner Occupier Variable Principal & Interest 40% Min Deposit Redraw More details		Go to site	Compare		Disclosure

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