Mortgage News

Low mortgage rates fuel sales

Monday 26th of April 1999

Low mortgage rates are playing a major part in fuelling the recent increase in the number of residential house sales in Auckland.
Gerald Rundle, of Bayleys Research, says sales volumes began increasing in the October 1998 quarter following a significant reduction in mortgage rates in the previous quarter.
He says the Auckland market has experienced its third consecutive quarter of i...

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