I have an IO mortgage with CUA, taken out in July 2015. The rate was good to start but CUA has bumped it up, to 4.67%. A friend is looking at CUA, and was offered 4.14% or so. There was no mention of a honeymoon rate. It seems that CUA may be getting people to apply with a low rate and then increasing it over time. Is this correct, and does anyone know of other lenders doing this? TIA.