Credit Union Australia (CUA) has cut their three-year fixed rate home loan by 10 basis points to 4.79% (5.29% comparison rate).

The offer is effective from Thursday 22 August.

CUA’s new three-year fixed rate home loan includes no ongoing fees and allows up to three repayments to be made in advance without penalty.

Your Mortgage’s home loan calculator shows a 0.10% decrease will save property investors about $16 a month for a home loan of $280,000 on a loan term of 25 years, compared to the previous rate.

With interest rates at their lowest for more than 50 years, there are some great rates available. The best thing to do is to compare rates from all the lenders. Let us help take the leg work out of doing this - Compare Home Loans now