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Mortgage holders still riding lower interest rates
Monday 3rd of August 2026
The amount owed was up 1.2% from $392.6 billion in the first quarter and up 6% from $375.8 billion in the second quarter of last year.
However, the interest paid on the mortgage debt was down 12% on the $4.750 billion owed at the same time last year, even though mortgage rates have been increasing.
New mortgage lending increased to $27.3 billion in the second quarter, up 6.4% from...
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