Several mortgage lenders increased their variable loan rates by more than 25 basis points last month, as they drew back from the intense competition that has been eroding their margins. According to the latest Mozo Banking Roundup, in response to the Reserve Bank increasing the cash rate target by 25 bps last month lenders increased rates by as much 45 bps. The big movers were Commonwealth Bank and Bendigo Bank. CBA increased the variable rate on its wealth package by 45 bps for owner occupiers and 35 bps for investors. Bendigo Bank lifted rates on its Complete Home Loan by 45 bps, while the rates on other mortgage products went up by 25 bps. Suncorp added up to 38 bps to rates under its Home Package Plus offering. ING increased all variable rates by 35 bps. NAB increased its base variable rate special offer by 35 bps. Westpac, Unloan and Tic:Toc also increased rates by up to 25 bps. ING joined lenders withdrawing cashback offers. The others include CBA, NAB Westpac and Suncorp.  Comparison sites list as many as 30 lenders still offering cashbacks.