Major Banks Increase Fixed Mortgage Rates Following RBA Decision

Westpac and ANZ Implement Rate Increases Amid Economic Shifts

Major Banks Raise Fixed Mortgage Rates After RBA Holds Cash Rate?w=400

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Following the Reserve Bank of Australia's (RBA) decision to maintain the cash rate at 3.60%, major banks have adjusted their fixed mortgage rates.

Westpac has increased its fixed home loan rates by up to 35 basis points, with the lowest standard fixed rate now at 5.79% per annum.

This marks a significant rise from 5.54% earlier in the week and 5.19% in early November.

Similarly, ANZ has raised its fixed mortgage rates by up to 35 basis points. These adjustments reflect the banks' responses to the RBA's stance and evolving economic conditions.

For borrowers, these rate hikes mean higher costs for new fixed-rate mortgages. It's essential for prospective and current homeowners to stay informed about such changes and consider their options carefully. Consulting with financial advisors or mortgage brokers can provide tailored advice to navigate these developments effectively.

Published:Saturday, 3rd Jan 2026
Source: Paige Estritori

Please Note: If this information affects you, seek advice from a licensed professional.

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