Ubank home loans: Mortgage payers slugged by another interest rate rise - as ... trends now

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An Australian bank has hiked interest rates for fixed and variable mortgages, days before the RBA convenes for its March meeting.

Mortgage holders were given a brief reprieve over the past month with the RBA putting a pause on increasing the cash rate target at its February meeting.

Despite this, ubank, which is part of National Australia Bank, has delivered increased interest rates to its customers on Thursday, with some loans jumping by 0.1 per cent.

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