Pop Goes Those Fixed Rate Mortgages…

Given what I have been highlighting about the pivot in interest rate expectations, following the last RBA presser and the flow of economic data, plus the current market expectations of around 4% cash rates in June 2027, yes June 2027, it should surprise no one that fixed rate mortgages are on the rise. The largest Australian lender CBA just lifted its fixed rates by up to 0.70 percentage points – the same as if the Reserve Bank hiked three times in a row, or in other words, back to peaks seen before the recent rate cut cycle.This will be of […]