Wow – these fixed rates are really low

Teachers Mutual Bank’s three-year fixed rate has been reduced by 0.25 percentage points to 3.74 per cent (4.88 per cent comparison rate). Teachers Mutual Bank’s four and five-year rates have been cut by 0.35 percentage points to 3.99 per cent (comparison rates – 4.85 per cent and 4.77 per cent).

ME announced reductions to its three-year fixed rate for investors (now 3.99 per cent with a 5.14 per cent comparison rate), and its owner-occupier rate (now 3.89 per cent with a 4.75 per cent comparison rate).

MyState Bank and The Rock have reduced their three-year fixed rates by 0.44 percentage points to 3.74 per cent for new principal-and-interest loans for owner-occupiers over $100,000 with an LVR under 80 per cent.

Source: Mortgage Business