Heartland Bank has announced a one-year fixed loan rate at 1.99 per cent, while the main banks have their rates at 1 yr fixed at 2.55%..
To be eligible for the loan, customers must be refinancing or buying a standalone house on a single section, have a deposit or equity of at least 20 per cent and intend to live in the home.
Meanwhile the price of housing continues to hit record highs.
Independent economist Cameron Bagrie joins The Panel to discuss.
