
Mortgage News
Mortgage holders storm out of floating rates
Wednesday 1st of August 2012
The sharp switch is clearly the result of the price war in fixed-term mortgages between the banks which began in late April.
While total mortgage lending by banks grew by $752 million to $173.84 billion in June, up from the $612 million growth in May and $393 million increase in April, lending on floating rate mortgages slumped $2.62 billion in May and has fallen $4.57 billion since Apri...
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