Mortgage Index – September 2012
AUGUST WAS STRONGEST MORTGAGE MONTH FOR THREE AND A HALF YEARS: AFG AFG, Australia’s largest mortgage broker, processed more home loans in August than since March 2009, according to new figures published today. The latest AFG Mortgage Index shows that the company processed $3,071 million of mortgages in August – an increase of 10% on July figures and 7.4% […]
Mortgage Index – August 2012
STRONGEST JULY IN 5 YEARS AS FIRST HOME BUYERS RETURN AFG, Australia’s largest mortgage broker, processed more home loans last month than for any July since 2007 according to new figures published today. The latest AFG Mortgage Index shows that the company processed $2,732 million of mortgages in July. This is an increase of nearly 20% on July 2011 […]
Mortgage Index – July 2012
REFINANCING PEAKS AS BORROWERS ABANDON FIXED RATE LOANS – JUNE FIGURES Two in five new mortgages in June were arranged for borrowers choosing to refinance their properties, according to AFG, Australia’s largest mortgage broker. The AFG Mortgage Index shows that, at 39.1%, borrowers looking to refinance their home loans comprised a higher proportion of new mortgages than any other […]
Mortgage Index – June 2012
BIGGEST MONTH FOR MORTGAGE SALES IN 3 YEARS – MAY FIGURES AFG, Australia’s largest mortgage broker, processed more home loans in May than in any month since March 2009, according to figures published today. The AFG Mortgage Index shows that the company processed over $3 billion in loans during May. AFG has approximately 10% of the total mortgage market […]
Mortgage Index – May 2012
SOFT APRIL HOME LOAN FIGURES EXPOSES NEED FOR CONFIDENCE BOOSTING RATE CUTS Reduced demand for home loans in April shows why meaningful home loan rate reductions are necessary according to AFG, Australia’s largest mortgage broker. The AFG Mortgage Index shows that the overall volume of loans processed for borrowers decreased by 22.4%, from $2.9 billion in March to $2.2 […]
Mortgage Index – April 2012
FIXED RATE MORTGAGES HIT FOUR YEAR HIGH AS PROPERTY MARKET BECOMES A TALE OF TWO SEABOARDS One in four new borrowers in March chose to lock in their home loan rate, according to figures released today by AFG, Australia’s largest mortgage broker. AFG Mortgage Index shows that fixed rate home loans comprised 25.4% of all new home loans, […]
Mortgage Index – March 2012
HIGHEST FEBRUARY MORTGAGE SALES ON RECORD AS FIXED RATE LOANS PEAK Average new home loan reaches $400k for first time ever AFG, Australia’s largest mortgage broker, had its highest February sales on record, processing $2.8 billion of loans. This compares to $2.0 bn in February 2011 and $2.2 bn in February 2010. In a month when lenders […]
Mortgage Index – February 2012
MASSIVE SWING BACK FOR JANUARY MORTGAGE FIGURES, BUT BORROWERS PLAY WAIT AND SEE ON RATES Mortgage sales for January were much higher than in the same month last year, when floods in Queensland, and other natural disasters impacted sales, according to AFG, Australia’s largest mortgage broker. AFG Mortgage Index shows that overall national mortgage sales increased by 40% this […]
Mortgage Index – January 2012
DRAMATIC HOME LOAN GRAB BY NON MAJOR LENDERS: DECEMBER FIGURES Non major lenders increased their share of the home loan market by almost a quarter in December, according to figures released today by AFG, Australia’s largest mortgage broker. AFG Mortgage Index shows an increase of 23.9% by non major lenders in the month of December, the biggest such increase […]
Mortgage Index – December 2011
BORROWERS DEFY GLOBAL GLOOM – RATE CUT SEES MORTGAGE MARKET LEAP 18% IN NOVEMBER Record 2 in 5 new mortgages for investors Mortgage borrowers defied the global gloom in November with the RBA’s quarter of a percent rate cut seeing the number of mortgages processed increase by 18.4% over October figures, according to AFG, Australia’s largest mortgage broker. […]