Why did CommBank fixed rates rise now?

Markets are pricing a possible RBA rate hike in early February, which pushes up swap rates and bank funding costs. Lenders moved early to protect margins and manage pipeline risk. Fixed terms adjust first because they reflect expected future rates, not only today’s cash rate. That is why offers rose before any RBA decision.

Should I fix my home loan now or wait?

It depends on your priorities. If certainty matters, consider a shorter fixed term or a split to balance risk. Compare the total cost, break fees, and features like offsets. If you think rates may rise, a rate lock can protect your application while you finalise the loan and settlement timeline.

How would an RBA rate hike affect my repayments?

If the RBA lifts the cash rate, variable rates usually move soon after, raising monthly repayments. Fixed borrowers are insulated until their term ends. If you are on a variable or near the end of a fixed period, build a buffer now and compare refinance options to limit the impact on cash flow.

What is a rate lock and is it worth it?

A rate lock holds the offered fixed rate for a set period, often for a fee, protecting you from increases before settlement. It can be useful in a rising market where CommBank fixed rates and other lenders’ pricing are moving higher. Weigh the fee against potential savings if rates rise further.

Will higher fixed rates hit property prices?

Higher Australian mortgage rates reduce borrowing capacity, which can slow sales and pressure prices at the margin. Effects vary by region and property type. Watch listings, clearance rates, and discounting. Buyers with strong deposits and pre‑approvals may find more negotiating room if credit conditions stay tight.

Global Market Insights

January 17: CommBank Hikes Fixed Home Loans as RBA February Risk Builds

ByDanny Kontos January 17, 2026January 17, 2026

CommBank fixed rates jumped by up to 70 bps as more than 30 lenders reprice ahead of a possible RBA rate hike in early February. The move signals higher funding costs and tighter lending conditions, with markets dialling back rate‑cut hopes. For Australians, this shift affects fixed home loan rates, monthly budgets, and property activity. We explain what changed, why it happened now, and how borrowers can respond with clear, practical steps to protect cash flow and make better loan choices.