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Mortgages hit new high

Thursday 28th of March 2013

Reserve Bank statistics out today show there was $179.36 billion in mortgages in February, up 4.3% on a year earlier.

In the week ended March 22, there were 7727 mortgage approvals, worth $1.35 billion.

The average one-year fixed rate for a new customer is now 5.38%.

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