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flag Australian fixed mortgage rates rise as inflation hits 3.8%, ending hopes for rate cuts.

flag Australian borrowers face higher fixed-rate mortgages as inflation rose to 3.8% in October, dampening hopes for further rate cuts and prompting 18 lenders, including Westpac and Macquarie Bank, to raise rates since November 1. flag The number of fixed-rate loans below 5% dropped from 46 to 36 in one month, signaling a tightening market. flag Experts say the window for low fixed rates has likely closed, with further increases possible if inflation remains high, though some caution the data is early and subject to seasonal adjustments.

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