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Fourteen lenders hike mortgage rates despite no change by the RBA – NEWS.com.au

Fourteen lenders hike mortgage rates despite no change by the RBA

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Historically low interest rates could be over, with banks and lenders bumping up mortgages despite the Reserve Bank signalling no rate change until at least 2024.Fourteen lenders in the past months have hiked home loan rates on four-year fixed term loans, sparking speculation ultra-low rates of less than 2 per cent could become a rare commodity.
Commonwealth Bank a month ago controversially pushed up its four-year fixed term rate to 2.19 per cent despite two of its major competitors sticking to…

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