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Our fixed mortgage rates drop by up to 0.39%
Teachers Mutual Bank is lowering the interest rates on its fixed term mortgages by as much as a whopping 0.39%.
This takes all of Teachers Mutual Bank’s fixed home loan interest rates to less than 5%. The 2 year fixed option loan now has a rate of 4.89% which is currently one of the best available rates on the market. The 1 and 3 year fixed options have a rate of 4.99%, also highly competitive.
“This is the first time ever that our fixed rate home loans have dropped below 5%,” said Steve James, CEO of Teachers Mutual Bank.
“Teachers Mutual Bank has lowered these rates because we want to be consistently among the best on offer in the market.”
According to Steve James, a great many of the mutual bank’s members split their home loans between fixed and variable, enabling them to have the best of both worlds.
The rates are effective today for new loans.
Gillian Tatt, PR and Corporate Affairs Specialist, Teachers Mutual Bank on 02 9735 9825 or 0448 259 942.