Teachers Mutual Bank slices fixed rates

By Your Mortgage
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 of February.