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The Reserve Bank of Australia has handed down its first interest rate decision for 2026. As expected, borrowers across Australia are asking the same question: What does this mean for my mortgage, and should I be doing something now? Whether the RBA held rates steady or adjusted them today, one thing remains true: your lender’s rate does not always move in line with the RBA. This is where many borrowers unknowingly overpay. Why the RBA Decision Still Matters Even If Your Rate

The RBA has reduced the official cash rate by 0.25%, bringing it down to 4.10% in February 2025. If you’re wondering how this affects your mortgage, here’s what you need to know. 1. How Soon Will Banks Pass on the Rate Cut? Most major lenders have announced their plans to pass on the full 0.25% cut, but the timing differs. Below is a table of the top 10 banks ranked by customers and when they will apply the rate cut. Note: Dates are based on announcements from each bank as of