Five more banks have raised fixed home loan rates, narrowing the options to grab savings from variable rates which themselves are due to rise in a few weeks. But there are still many good options to fix now to avoid those cost increases

Did you read our review of February 25, 2026?

In it we suggested that shifting to a fixed home loan rate could be worth your attention, especially because variable rates have risen universally but fixed rates really hadn't even though they were expected to.

Well, those fixed rates are now on the move up with recent rate increases announced by

• Commbank
• Westpac
• HSBC
• Bank Australia
• Qudos Bank

Those are ones who have moved recently. Others will follow as the cost of money rises.

You can check all rates, variable and fixed, in our home loan rate tables here.

There are still reasonable opportunities to not only avoid the likely rise from the May 5, 2026 RBA rate hike that markets expect, but to in fact lock in some savings starting as soon as you convert.

How much your savings will be in your mortgage payment depends on your own financial situation and loan structures as it does on lower rate offers. But the effort is likely to pay off. Remember to get proper financial advice for your specific situation before you make any moves.

Although it is now a few days old, it is probably best to start with that February 25, 2026 review.

UPDATE: Now Heritage Bank has also raised its fixed rates, effective March 3, 2026.