Interest Rate Increase – Tuesday 24 March 2026: Following the RBA’s decision to change the official cash rate, interest rates for owner‑occupier and investor variable loans will increase by 0.25%, effective 1 April 2026. From 1 April 2026, deposit rates across the majority of savings products will also increase by 0.25%. Find out more.

What happens if fixed rates decrease and I have locked in the rate?

A family entering their new home, smiling and carrying belongings
< Back to 
Home Loans
FAQs

What happens if fixed rates decrease and I have locked in the rate?

At settlement, if the usual fixed rate is lower than the locked in rate, you'll receive the lower rate. For example, a rate locked at 3.99% on the 5 October, settlement occurs 12 November and the usual rate on the 12th is 3.69%, you'll receive the 3.69%.

How can we help?