CUA has cut interest rates across its entire suite of fixed home loans for the second time this year.
The mutual lender’s three-year and five-year fixed rates have both been cut by 34bps. The three-year fixed rate now has the lowest rate of CUA's fixed home loan products, with a new rate of 4.25%. The 5-year fixed rate has been reduced to 4.55%.
All other fixed rate home loans have been dropped by 20bps. The one-year fixed rate has been dropped to 4.29% and the two-year fixed rate has been dropped to 4.39%.
CUA’s range of premium fixed rate loans have also been reduced by 20bps, starting from 4.44% for the one-year premium fixed rate.
Since the start of 2015, the mutual lender’s one-year fixed rate has fallen 0.60%, while the one-year premium fixed rate has fallen by a combined 0.55%.
The new rates will apply to new loans which are 'fully approved' on or after 21 April 2015.
