FURTHER variable mortgage rate increases were unlikely in the current round of rate adjustments by the major banks, a senior executive with one of the nation’s Big Four lenders has said.
As more banks hiked their fixed-rate home loans yesterday, the executive, who requested anonymity, played down the prospect of other lenders following the lead of the Commonwealth Bank, which last Friday controversially lifted its variable rate by 10 basis points to 5.74 per cent.