
Mortgage News
Move to fix takes hold
Tuesday 2nd of July 2013
The latest Reserve Bank statistics for May show that $91.2 billion of residential loans is on floating rates, and $93.3 billion is fixed.
But still by number, more loans are floating than fixed – 879,237 compared to 543,100.
Of the floating lending, $48.8 billion is fixed for less than a year, and $33.4 billion is fixed for one to two years.
But increasing amounts are being...
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