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According to data from Canstar, as of January 21, 2026, 53 lenders have raised at least one fixed home loan rate since the RBA's last meeting in December 2025. Notably, the Commonwealth Bank of Australia (CBA) adjusted its three-year fixed rate by 0.7 percentage points to 6.04%, significantly impacting monthly repayments for borrowers. This trend is not isolated to CBA; other major banks have similarly adjusted their fixed rates in anticipation of the RBA's forthcoming decision.
The RBA's cash rate, currently at 3.60%, has remained unchanged since late 2023. However, with inflation rates exceeding the central bank's target range, financial institutions are bracing for a potential increase. CBA's Head of Australian Economics, Belinda Allen, indicated that the economy's unexpected momentum is preventing inflation from easing, suggesting a 25-basis-point hike could be on the horizon.
For mortgage holders, these developments underscore the importance of staying informed about interest rate trends. An increase in the cash rate would likely lead to higher variable mortgage rates, affecting monthly repayments. Borrowers considering fixed-rate loans should be aware that current rates may already reflect anticipated increases, potentially offering a buffer against future hikes.
In this evolving financial landscape, it's crucial for borrowers to assess their home loan options carefully. Consulting with mortgage brokers or financial advisors can provide tailored advice, helping individuals navigate the complexities of the mortgage market and make informed decisions aligned with their financial goals.
Published:Wednesday, 4th Feb 2026
Source: Paige Estritori
Please Note: If this information affects you, seek advice from a licensed professional.