{"id":562783,"date":"2026-03-25T06:44:11","date_gmt":"2026-03-25T06:44:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/562783\/"},"modified":"2026-03-25T06:44:11","modified_gmt":"2026-03-25T06:44:11","slug":"commonwealth-bank-raises-home-rates-for-the-second-time-this-month","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/562783\/","title":{"rendered":"Commonwealth Bank raises home rates for the second time this month"},"content":{"rendered":"<p><a href=\"https:\/\/www.9news.com.au\/commonwealth-bank\" target=\"_blank\" rel=\"nofollow noopener\" title=\"C&#xFEFF;ommonwealth Bank\">C\ufeffommonwealth Bank<\/a> has raised its home loan rates for the second time this month, slugging mortgage holders already doing it tough.<\/p>\n<p>The &#8220;Big Four&#8221; bank today announced a 0.30 per cent increase to all fixed-rate home loan products will come into effect on Friday.\ufeff<\/p>\n<p>Rates will reach up to 7.19 per cent for owner-occupiers and 7.04 per cent for investors. \ufeff<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/03\/https:\/\/prod.static9.net.au\/fs\/4c8bfc8e-0076-4d32-9f61-5ba40905add9.jpeg\"   alt=\"The Commonwealth Bank logo outside a branch.\"\/>The Commonwealth Bank logo outside a branch. (Eamon Gallagher)<\/p>\n<p>This will affect new and existing customers, including applications in progress.<\/p>\n<p>A Commonwealth Bank spokesperson attributed the decision to &#8220;broader funding and market conditions&#8221;. \ufeff<\/p>\n<p>&#8220;As Australia&#8217;s largest lender, we offer a range of home loan options designed to meet the diverse needs of our customers,&#8221; the spokesperson said.<\/p>\n<p>Fixed-rate lending currently represents a small share of the Commonwealth&#8217;s new home loans. \ufeff<\/p>\n<p>Those changes will also come into effect this Friday. \ufeff<\/p>\n<p>&#8220;We recognise interest rate changes can put additional pressure on household budgets and influence how people plan and manage their finances,&#8221; CBA group executive Angus Sullivan said at the time. \ufeff<\/p>\n<p>&#8220;We don&#8217;t want to have a recession, but if it&#8217;s hard to get inflation down, then we&#8217;re going to have to deal with that, possibly\ufeff,&#8221; she said.<\/p>\n<p>The cash rate currently sits at 4.10 per cent, \ufeffjust 0.25 per cent below the 2024 peak.<\/p>\n<p>The average household with a mortgage and at least one car is now about <a href=\"https:\/\/www.9news.com.au\/national\/australian-families-cost-of-living-fuel-and-interest-rate-hikes-hit-mortgage-holders\/9dfdd7b0-be22-4af1-b04f-d50702c5b947\" target=\"_blank\" rel=\"nofollow noopener\" title=\"$75 worse off \">$75 worse off<\/a>, based on data by Canstar and the Australian Automobile Association.<\/p>\n<p>NEVER MISS A STORY: Get your breaking news and exclusive stories first by following us across all platforms.<\/p>\n","protected":false},"excerpt":{"rendered":"C\ufeffommonwealth Bank has raised its home loan rates for the second time this month, slugging mortgage holders already&hellip;\n","protected":false},"author":2,"featured_media":562784,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[43,44,41,39,42,40],"class_list":{"0":"post-562783","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-headlines","8":"tag-headlines","9":"tag-news","10":"tag-top-news","11":"tag-top-stories","12":"tag-topnews","13":"tag-topstories"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/562783","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=562783"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/562783\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/562784"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=562783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=562783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=562783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}