CBA has announced that effective November 20th, they will increase their standard variable home loan rate by 0.15%  This comes at a time when the RBA has left the official cash rate on hold.  CBA is the second major bank to give their mortgage customers a rate rise.  Last week Westpac announced that their variable rate is increasing by 0.20%

If you have a variable rate home loan, then now is a good time to shop around for a better deal!