CUA keeps mortgage rate steady at 6.72 per cent

Credit Union Australia (CUA), has committed to not raising standard variable mortgage rate, opening up a wide gap between its standard variable mortgage rate of 6.72 per cent and the most expensive rate charged by Westpac, of 7.46 per cent.

The Treasurer, Wayne Swan, appealed to customers to consider switching, saying there were “better deals on offer out there, including a number of deals which are much lower than what's on offer from the big four.”

Source: Sydney Morning Herald