How the banks are fixing rates

Mr Shaw said about 25 per cent of the bank’s owner-occupier borrowers were on fixed-rate mortgages.  It has boosted its 10-year fixed rate by 1 per cent to 8.84 per cent, rendering its offer uncompetitive against Westpac (6.99 per cent) and NAB (7.09 per cent). ANZ has also raised its 7-year fixed rate by 0.65 [...]