'Trump effect' begins to bite borrowers as fixed-rate mortgages increase
The nation's biggest non-bank lender, Firstmac, and nine other lenders are raising fixed rate mortgages in a move known as the 'Trump effect,' according to lenders and market analysts.
These mortgages are being raised by up to 45 basis points.

Firstmac's rates for owner-occupiers and investors on one to three-year mortgages by 13 basis points.
Owner-occupied rates have increased to 4.09 percent and investor rates to 4.34 percent.
"International funding costs are rising, which is the fallout from the 'Trump effect'," Martin North, principal of Digital Finance Analytics, told The Australian Financial Review.
"Other lenders are likely to follow," he said.  
"I am expecting rises in mortgage rates over the summer."
"If the US do turn on the debt tap to fund infrastructure builds, this is likely to drive rates up.
"I know the banks have more deposit funding now, but they are still caught in the draft of international rate movements." 
Marnie Mortimer, managing director of loans.com.au said that global markets are set to change.
"There is no doubt global markets are pricing in a rise in rates in the medium-term and that has now been aggravated by expectations of higher inflation if Mr Trump implements his election promises," she to the Australian Financial Review.
It comes as for the first time in two years, the markets are betting that the RBA is more likely to lift rates than lower them next year.