Commonwealth lifts rates

Commonwealth Bank has announced an increase in their fixed home loan rates, bringing all of the big four into line following the rise on the bond markets.

Commonwealth has lifted its one year rate by 10 points to 6.55 per cent, its two year rate by 20 points to 6.75 per cent and its three year rate by 15 points to 6.90 per cent. Its four year rate is now 7.10 per cent, up from 6.90, and its five year rate is up 25 points to 7.20 per cent.