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Old Mortgage News

Home loan lending pace picks up

Friday 1st of March 2013

Mortgage lending up was by $952 million in the month, to a new total of $178.66 billion.

It’s the biggest rise, in dollar terms, for nearly five years.

For the week ended February 22, there were 7557 home loan approvals, worth $1.33 billion.

The increasing pace of lending growth has been flagged as a concern for the Reserve Bank, particularly in  Auckland.

Earli...

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