Banks start to move away from record-low fixed rates

Record-low fixed rate loans could be on the outer, with a significant number of Australian banks hiking rates on four-year fixed terms over the past month.

Research by RateCity.com.au showed 14 lenders had increased their four-year fixed rates, following the lead of the  Commonwealth Bank of Australia, which increased its rates for four-year fixed terms last month.

RateCity research director Sally Tindall said the movement by the banks was in a…