Most mortgaged homeowners won’t see repayments increase if the RBA hikes interest rates this week

<p>Those who stuck to minimum loan repayments through last year’s rate cuts will bear the brunt of Tuesday’s anticipated hike, while those already paying extra are in a ‘great position’</p><ul><li><p><a href="https://www.theguardian.com/australia-news/live/2026/feb/02/australia-news-live-desi-freeman-porepunkah-shooting-search-nationals-leadership-spill-littleproud-liberals-sussan-ley-angus-taylor-andrew-hastie-ntwnfb">Follow our Australia news live blog for latest updates</a></p></li><li><p>Get our <a href="https://www.theguardian.com/email-newsletters?CMP=cvau_sfl">breaking news email</a>, <a href="https://app.adjust.com/w4u7jx3">free app</a> or <a href="https://www.theguardian.com/australia-news/series/full-story?CMP=cvau_sfl">daily news podcast</a></p></li></ul><p>A large majority of the 3.3 million mortgaged homeowners will not see their repayments increase should the Reserve Bank hike rates on Tuesday.</p><p>Financial markets and most economists expect the RBA will lift its cash rate target from 3.6% to 3.85%, marking the shortest and shallowest rate rise cycle in memory after <a href="https://www.theguardian.com/australia-news/2026/jan/28/inflation-rate-australia-cpi-rates-abs-data">inflation roared back</a> in the second half of last year.</p> <a href="https://www.theguardian.com/australia-news/2026/feb/02/rba-interest-rates-announcement-mortgage-repayments-australia">Continue reading...</a>

Read the full article at: The Guardian World →