PHOTO:STUFF Westpac has joined the banks offering home loan rates below 3%.
Mortgage competition continues as banks offer home loan borrowers the lowest rates on record.
TSB is now offering a one-year home loan rate of 2.89 per cent.
It is available to new and existing customers who have equity of at least 20 per cent.
Westpac has also cut rates – its two-year special has fallen to 2.99 per cent.
It follows a move by Kiwibank and ASB last week to move home loan rates below 3 per cent for the first time.
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