Interest Rates 12 January 2026 - 17 January 2026

Commonwealth Bank of Australia has increased fixed home loan rates by up to 0.70 percentage points, with its lowest owner-occupier fixed rate now at 5.79% for a two-year term. Macquarie Bank followed suit, hiking fixed rates across all terms. Meanwhile, National Australia Bank offers the lowest headline fixed rate among the big four banks at 5.39% for both one- and two-year terms, according to Canstar comparisons. This repricing comes mere weeks ahead of the Reserve Bank of Australia’s first monetary policy meeting of the year, with borrowers and markets eyeing any changes to the “cash rate”—the key benchmark that influences banks’ funding costs and variable mortgage rates. The RBA’s policy board is set to convene on Feb. 2–3.