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Commonwealth Bank lifts mortgage rates

Commonwealth Bank has followed its rivals in lifting its variable mortgage rates, pleading increased funding costs.

Australia's largest lender says variable rates for owner-occupiers and investors will increase by 0.15 percentage points from October 4.

Westpac was the first major lender to move in the latest round of hikes - which have come despite the Reserve Bank this week once more holding the cash rate at a record low 1.5 per cent - followed by Suncorp, ANZ and now CBA.

Austrlaian Associated PressBack to Breaking News

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