Home loan rates to rise

Home borrowers face higher interest rates for fixed-rate mortgages as financial markets react to the likelihood of a rise in official rates within weeks.

Eight lenders have lifted three-year fixed rates in the past week, including Citibank and HSBC, consumer information firm Infochoice.com.au says. The increases ranged from 0.1 per cent to 0.3 per cent. The average three-year fixed interest rate on offer from lenders has risen from 6.66 per cent in mid-December to 6.7 per cent.

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