CBA announced an increase in home loan variable interest rates by 0.25% per annum, effective from February 13. This adjustment reflects the bank's response to the RBA's monetary policy change and is expected to impact borrowers with variable rate mortgages.

Similarly, NAB has raised fixed rates on its Tailored Home Loan range, with the new headline fixed rate for owner-occupier borrowers set at 5.39% per annum for two-year fixed loans. This move aligns NAB with other major banks that have recently repriced their fixed products in anticipation of further rate increases.

Economists from both CBA and NAB have revised their forecasts, now projecting additional rate hikes in the coming months. CBA anticipates a 25-basis-point increase in February, while NAB forecasts two hikes totaling 0.5% over the year. These projections indicate a shift in the economic landscape, with inflationary pressures influencing monetary policy decisions.

For borrowers, these rate increases translate to higher monthly repayments. For instance, a 0.25% rise on a $600,000 loan could add approximately $90 to monthly repayments. As such, it's crucial for borrowers to review their loan terms and consider potential refinancing options to mitigate the impact of rising interest rates.

In the context of boat financing, these developments underscore the importance of securing competitive loan terms. Prospective boat buyers should be aware of the potential for higher interest rates and plan their financing strategies accordingly. Consulting with financial advisors and exploring various loan products can help in navigating this evolving financial environment.

Author: Paige Estritori
Published: Saturday 28th February, 2026

Please Note: If this information affects you or is relevant to your circumstances, seek advice from a licensed professional.

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