Teachers Mutual Bank has cut its 3-year fixed rate home loan by 0.39% to 4.49%.
Your Mortgage’s home loan calculator
shows the reduction will save home buyers about $89 a month for a loan of $400,000 on a loan term of 25 years, compared to the previous rate.
It has also reduced its 2-year fixed rate by 0.10%, down to 4.69%.
All upfront application fees will be waived on any new loans, fixed or variable.
The rates are effective Thursday 13th
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