Mortgage News

Mortgage lending picks up pace

Friday 31st of May 2013

Reserve Bank statistics show that for April, $90.37 billion in mortgages was fixed. There was another $92.74 billion on floating rates.

That is a stark difference compared to this time a year ago, when $109.79 billion was floating and just $64.10 billion fixed.

That means any changes to the official cash rate will have less of an immediate effect on home loans, although it is expe...

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