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ISCOVER
Staff Reporter
Just two days after the Reserve Bank of Australia opted to keep the cash rate on hold for another month, one of Australia’s lenders has slashed the interest on its fixed rate products in a bid to encourage home buyers into the market.
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Yesterday CUA cut the interest on its three year fixed rate to 5.95 per cent – 43 basis points lower than the average three year fixed rate currently being offered by the majors.
CUA’s acting general manager, products and marketing Jason Murray said the lender was committed to offering its customers the best deal possible.
“Today’s rate cut announcement to our fixed rate home loan product suite means CUA now offers Australian home buyers among the lowest three year fixed rate home loan product in the market today,” he said.
