Mortgage Index – April 2013
FIXED HOME RATES HIT ALL TIME HIGH OF 30% – MARCH FIGURES Nearly one in three new borrowers locked in fixed rates on their loans during March according to AFG, Australia’s largest mortgage broker. AFG Mortgage Index, published today, shows that 29.6% of all new home loans was Fixed – a leap from 24.1% in February […]
AFG prices first RMBS transaction
AFG IN FIRST $275 MILLION RMBS DEAL AFG is pleased to announce it has successfully priced its inaugural Residential Mortgage Backed Securities (RMBS) transaction. The AFG 2013-1 Trust priced today with 10 investors both onshore and offshore participating. The finalisation of this transaction follows a successful 2 week soft sounding process during which there was […]
Mortgage Index – March 2013
MAJOR LENDERS DOMINATE THE FIRST HOME BUYER MARKET AS FIXED RATES SOAR Major lenders have made significant inroads into the first home buyer market, and are now responsible for nearly four out of every five new home loans, according to figures published today by AFG, Australia’s largest mortgage broker. The AFG Mortgage Index shows the proportion […]
Mortgage Index – February 2013
RECORD-BREAKING JANUARY FOR MORTGAGE SALES: LATEST AFG FIGURES AFG, Australia’s largest mortgage broker, processed more home loans last month than in any January before, according to new figures published today. AFG Mortgage Index shows that the company processed $2.2 billion of home loans, 24% more than in January 2012, despite the natural disasters in QLD and […]
Mortgage Index – January 2013
MORTGAGES UP 15% IN 2012 –BUT FIRST HOME BUYERS DESERT NSW AND QLD The volume of mortgages arranged increased by 15% in 2012 over 2011 according to AFG, Australia’s largest mortgage broker. AFG’s Mortgage Index, published today, shows that the total volume of mortgages arranged by the aggregator was $32 billion, compared to $28 billion […]
AFG Competition Index January 2013
CBA GRABs 40% MARKET SHARE OF THE FIRST HOME BUYER MARKET Commonwealth Bank (CBA) and its subsidiary Bankwest accounted for nearly 40% of all first home loans processed in December, according to AFG, Australia’s largest mortgage broker. Figures from AFG’s quarterly Competition Index, published today, show that CBA accounted for 29.6% and Bankwest for 9.3% […]
Mortgage Index – December 2012
COLLAPSE IN FIRST HOME BUYING IN NSW AND QLD – LATEST MORTGAGE FIGURES Demand for home loans by first home buyers has collapsed in New South Wales and Queensland, according to AFG, Australia’s largest mortgage broker. Last month, AFG arranged just 96 home loans worth $31 million for First Home Buyers in Queensland, compared with 265 mortgages worth $79 […]
Mortgage Index – November 2012
RECORD BREAKING MORTGAGE SALES IN OCTOBER: LATEST AFG FIGURES AFG, Australia’s largest mortgage broker, processed $3.1 billion of mortgages in October – its highest volume for any October on record, and for any month since March 2009. October volumes are generally lower than those for September, but last month bucked the trend being 14.6% higher than the month before. […]
AFG Competition Index October 2012
NON MAJORS GRAB MARKET SHARE AS BORRWERS REFINANCE Non major lenders have seized market share from the Big Four banks and their subsidiaries over the past year, with their market share rising from 19.6% in October 2011 to 24.3% last month – an increase of 4.7%. Expressed as a proportion of the approximately $300 billion […]
Mortgage Index – October 2012
AFG WELCOMES RATE CUT DECISION AFTER A FLAT SEPTEMBER: LATEST MORTGAGE FIGURES AFG, Australia’s largest mortgage broker, welcomes yesterday’s RBA rate cut after latest figures showed that mortgages processed in September were flat compared with the same month last year. AFG processed $2.7 billion of loans last month compared with $2.6 billion in September 2011. Mark Hewitt, General Manager […]