Fixed-rate home loan interest rates rises are outpacing variable rate changes this month. Canstar reported that in the week to 26 June, 40 lenders increased owner occupier variable home loan rates, with the average increase 27 basis points. Twenty-five lenders increased their fixed rates over the same period, with the average increase 35 bps. The biggest increase was on one-year rates, which rose by an average of 40 bps. Two-year rates rose by an average 36 bps, three-year-rates by an average of 39 bps, for year rates by 27 bps and five-year rates 20 bps. In April comparison sites were reporting that fixed rates were coming down, as the Reserve Bank kept the cash rate steady, and lenders took advantage of lower benchmark rates and looked ahead to the peak in the monetary policy cycle. But since then swap rates have picked up again as RBA cash rate increases have resumed and expectations are that inflation will stay high for longer. The average rate for an owner occupier standard variable rate mortgage is now 6.57 per cent, according to Canstar, compared with 6.01 per cent for one year fixed, 6.04 per cent for two years fixed and 6.03 per cent for three years fixed.