New Variable Home Loan interest rates Talk to us Phone us Email us Breadcrumbs Teachers Mutual Bank About us Member news Member news 2019 New Variable Home Loan interest rates 17 June 17 June New Variable Home Loan interest rates In light of the recent RBA cash rate announcement, Teachers Mutual Bank will apply a rate cut of 25 basis points to the Flexi Choice and My First Home Loan variable rate with principal and interest repayments for all new loans effective 25 June 2019. For all existing borrowers, the changes will take effect from 1 July 2019.