Still waiting for a better interest rate?
The RBA last cut the cash rate by 0.25% in August. Since then - silence - until now. Happy new year from the RBA - but NOT, as they raised the cash rate for the first time since 2023.
You can keep waiting for your lender to reward your loyalty with some kind of recommendation to help you manage this home loan shocker - or you can talk to a mortgage broker about refinancing to a better rate today.
Hint: The second one is the fastest way to lower your repayments.
It’s months since the last cash rate cut, and now we have a rate rise. If holding your breath every time you make your mortgage repayment is getting a bit much, you’re not alone.
Aussie mortgage holders are still paying an average of over $1,250 more per month* for their home loans - and other living costs are only going one way - up. While many Australian mortgage holders hesitate to switch home loans, it doesn't hurt to know your options, right?
Learn more about home loans with these guides
Why compare home loans?
So you can find the best-fit loan for you, and:#
Decrease your repayments
Save $$$
Exhale
Over 20,000^ households contacted Compare Club last year to get a better deal on their home loans. In a cost of living crisis, every dollar counts.
Compare Club has thousands of home loans from over 50 lenders - including some that are only available via a broker. Speak to our expert mortgage brokers today.
What's new in home loans - February 2026
RBA rate hike: The RBA lifted the cash rate to 3.85% this month. While we had three cuts in 2025, offering some relief after thirteen rate hikes since May 2022, this new direction is worrying Australian mortgage holders.
Cheaper to borrow: A higher cash rate can lower your borrowing power - but working with your broker to find the right lender can offset the damage. Not all lenders are created equal. Ask your mortgage broker which ones really want your business.
Fixed rate ending? Now’s the time to speak with a broker at Compare Club about your next steps, so you’re not hit with a staggeringly high revert rate.
Disclaimer: The information contained in this email is of general nature only and has been prepared without taking into consideration your objectives, needs and financial situation. You should check with a financial professional before making any decisions. Any opinions expressed within an article are those of the author and do not specifically reflect the views of Compare Club Australia Pty Ltd. **RBA February 2026 Media Release *Increase is calculated on a mortgage balance of $600,000 with principal and Interest repayments, a starting rate of 1.79% over a 25 year loan term and the cumulative RBA cash rate decisions announced since May 2022 to date. ^Based on internal Compare Club data. #Compare Club compares selected products from a panel of trusted lenders. We do not compare all products in the market.
