Lenders raised fixed home loan rates in June, continuing the trend of the past couple of months.
According to the latest Mozo Banking Roundup, ANZ, NAB, Westpac and Newcastle Permanent all raised fixed mortgage rates last month.
NAB increased two and three-year rates by 10 basis points and its four-year rate by 5 bps for owner occupiers paying principal and interest.
ANZ cut short-term rates and increased long-term rates. It cut its two-year rate by 10 bps, while raising its four-year rate by 25 bps and its five-year rate by 45 bps.
Westpac added 10 bps to its owner occupier two and three-year rates (the changes also applied to St George Bank and Rams).
Newcastle Permanent cut two and three-year rates, while increasing for and five-year rates. Virgin Money increased fixed rates across all terms.
86 400 cut one,two and three-year options.
Rate leaders in the fixed rate end of the market include bcu, which is offering 1.67 per cent for one year and 1.78 per cent for two years, and Credit Union SA, which is offering 1.79 per cent for three years.
BankVic is offering 1.95 per cent for four years and UBank is offering 2.24 per cent for five years.