A major bank has increased its test rate, which is the rate at which it checks that borrowers can afford a loan.  

ANZ has upped it to 9.1%.  

That's despite home loan rates sitting around 7% for a two-year fix.   

Key Mortgages mortgage broker Jeremy Andrews told Kate Hawkesby that it's the first bank to make such a move in decades.  

He says interest rates have been going up since Covid came along, so test rates have too. 

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