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Debt Consolidation:
Debt consolidation usually involves negotiating a new loan to pay other existing loans in order to get more favourable interest rates and terms.

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NAB Raises Fixed Mortgage Rates in Response to Expected Cash Rate Hikes

Homeowners Advised to Prepare for Potential Interest Rate Increases

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

National Australia Bank (NAB) has recently increased its fixed mortgage rates by up to 0.40 percentage points, signaling expectations of forthcoming cash rate hikes in 2026.

This move aligns with actions taken by other major lenders, reflecting a broader anticipation of rising interest rates.

Data from Canstar indicates that 54 lenders have raised at least one fixed rate since the Reserve Bank of Australia's (RBA) last cash rate decision on December 9. Consequently, the number of lenders offering fixed rates below 5% has dwindled from 38 to just 12 over the past two months.

Canstar's data insights director, Sally Tindall, notes that fixed rates are steadily climbing into the 5% and 6% range. This trend suggests that borrowers should brace for potential rate increases in the near future. The upcoming quarterly inflation results will be pivotal in determining the RBA's course of action. If inflation remains high or continues to rise, a cash rate hike is likely.

For homeowners, especially those with multiple debts, it's crucial to assess financial strategies to manage potential increases in mortgage repayments. Exploring options like debt consolidation loans may provide a way to streamline payments and mitigate the impact of rising interest rates.

Published:Thursday, 29th Jan 2026
Source: Paige Estritori

Please Note: If this information affects you, seek advice from a licensed professional.

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Finance News

Australian Mortgage Market Hits Record $2.41 Trillion

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The Australian mortgage market has reached a new milestone, with the total value of residential mortgages climbing to $2.41 trillion in November 2025. This growth is largely attributed to escalating property prices and a surge in lending activity. - read more

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29 Jan 2026: Paige Estritori

National Australia Bank (NAB) has recently increased its fixed mortgage rates by up to 0.40 percentage points, signaling expectations of forthcoming cash rate hikes in 2026. This move aligns with actions taken by other major lenders, reflecting a broader anticipation of rising interest rates. - read more

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