From the AFR:
Commonwealth Bank of Australia, the nation’s largest lender, is increasing rates on fixed term owner occupied and investment loans by up to 65 basis points, the latest of the majors to respond to rising international funding costs caused by the ‘Trump effect’, tougher underwriting standards and tighter rules.
The increase means a rise in monthly repayments of more than $355 for a borrower with a 30-year fixed loan paying the new rate of 4.74 per cent, according to Canstar, a research company.
