Mortgage News

Housing approvals creep up

Wednesday 12th of March 2014

In the last week of February, there were 7059 home loans approved nationwide, worth $1.256 billion.

That is more than were being approved per week during September and August, before the new rules limiting bank lending to low-deposit borrowers kicked in.

It is about 500 fewer than were being issued per week this time last year.

Banks pulled back heavily on their lending aft...

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