May home loan snapshot: Longer term fixed rates are rising May home loan snapshot: Longer term fixed rates are rising Monday, 3 May 2021 Six months have now passed since the Reserve Bank cut the official cash rate in November 2020 - a move which paved the way for the hundreds (if not thousands) of fixed home loan rate cuts we’ve witnessed ever since. According to the latest edition of the Mozo Banking Roundup though, that one-way trend appears to be at an end. At least, when it comes to long-term fixed rates. So which lenders have increased their rates, who has cut rates and what’s happening to variable rate home loans? Read on to find out.