Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Teachers Mutual slashes mortgage rates

rate cut  x rate cut  x
Huntley Mitchell 1 minute read

Teachers Mutual Bank has announced a number of rate reductions for some of its home loan products.

The bank’s three-year fixed rate for owner occupiers has seen the biggest reduction – down 29 basis points to 3.99 per cent (with a comparison rate of 5.13 per cent).

Teachers Mutual’s five-year fixed rate has been cut by 23 basis points to 4.34 per cent (with a comparison rate of 5.05 per cent); its three-year fixed rate has been reduced by 20 basis points to 3.99 per cent (with a comparison rate of 5.25 per cent); and its one-year fixed rate has been reduced by 16 basis points to 3.99 per cent (with a comparison rate of 5.39 per cent).

The smallest reduction was applied to the bank’s four-year fixed rate – down 15 basis points to 4.34 per cent (with a comparison rate of 5.13 per cent).

Teachers Mutual slashes mortgage rates
rate cut  x
TheAdviser logo

If you’re feeling overworked and overwhelmed in this fast-paced mortgage market, it’s time to make some changes, and the Business Accelerator Program can help! Work smarter, not harder, in 2022 and beyond, visit the website here to secure your ticket.

rate cut  x

 

more from the adviser
YBR home loans 850x380 ta

Breaking News

YBR Home Loans flags digital pivot, broker expansion

The major brokerage has launched a digital mortgage broking busin...

stressed woman ta

Breaking News

‘Perfect storm’ of trouble ahead for SMEs

An SME lending company has warned that many retail and supplier b...

uptick

Breaking News

Wisr hits high for new loans

The ASX-listed personal lender wrote $132 million in new loans du...