TMM - News

Mortgage lending hits two year high

Thursday 28th of June 2018

There was a total of $6.592 billion in new mortgage lending in May, according to the Reserve Bank’s latest data.

Not only is that a big increase from the $5.375 billion of new lending seen in April, but it’s the highest total since June 2016.

Of the different borrower groups, it is first home buyers that have seen the biggest increase of late.

In May, they were responsible...

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