Mortgage Index – May 2009
Sales of fixed rate mortgages bounced to a nine month high in April as more borrowers see the current cycle of rate cuts coming to an end according to AFG, Australia’s largest mortgage broker. The AFG Mortgage Index shows that 6.8% of all new mortgages arranged in April were fixed rate, compared to just 2.5% […]
Mortgage Index – April 2009
FIRST HOME BUYER STRENGTH CONCEALS LENDING SQUEEZE: LATEST FIGURES Continued strength in first home buying delivered a record month of mortgage sales in March according to AFG, Australia’s largest mortgage broker. The AFG Mortgage Index shows the company arranged a record $800 million of mortgages for first home buyers, comprising 28% of all new mortgages […]
Mortgage Index – March 2009
BOOM MONTH FOR MORTGAGES AS FIRST HOME BUYERS RUSH TO MEET DEADLINE February was a boom month for mortgage sales as first home buyers rushed to take advantage of grants which come to an end in June, according to AFG, Australia’s largest mortgage broker. AFG Mortgage Index shows that total mortgage sales leapt a massive […]
Mortgage Index – February 2009
Mortgage sales to first time home buyers leaped to an all time high of 25.8% of all mortgages arranged in January, according to AFG, Australia’s largest mortgage broker. AFG Mortgage Index shows that the proportion of first time home buyers is now more than double the 11.6% recorded six months ago in July 2008. First […]
Mortgage Index – January 2009
BOUNCE IN FIXED HOME LOANS AS BORROWERS LOCK IN LOW RATES : LATEST FIGURES Increasing numbers of borrowers are opting to lock in low interest rates according to figures published today by AFG, Australia’s largest mortgage broker. AFG Mortgage Index shows that the proportion of fixed rates bounced up from an all time low of […]
Mortgage Index – December 2008
THEY’RE BACK: FIRST HOME BUYERS UP 120% IN THREE MONTHS – LATEST MORTGAGE FIGURES Having steered clear of the property market for most of the year, first home buyers are storming back according to AFG, Australia’s largest mortgage broker. AFG Mortgage Index shows that in November 2008 the company arranged $474 million in home loans for […]
Mortgage Index – November 2008
FIRST TIME BUYERS AND FLIGHT TO BIG BANKS BOOST OCTOBER MORTGAGE SALES 18% – LATEST FIGURES Mortgage sales rose by 18% in October as a double whammy of record numbers of first time buyers entered the market, and record numbers of existing owners refinanced their properties, according to AFG, Australia’s largest mortgage broker. AFG Mortgage Index […]
Mortgage Index – October 2008
SURPRISE RECOVERY IN SEPTEMBER– LATEST MORTGAGE FIGURES Despite turmoil on financial markets during September, sales of mortgages across Australia recovered by 10.2% on the previous month’s low figure, according to AFG, Australia’s largest mortgage broker. AFG Mortgage Index shows that the states benefiting most from the recovery were Queensland, where mortgage sales increased by 17.9% and […]
Mortgage Index – September 2008
RBA MINUTES KEEP BUYERS OUT OF MARKET – LATEST MORTGAGE FIGURES Minutes released by the RBA in early August, suggesting a rate cut would be made in September, encouraged property buyers to fence sit during August, according to AFG, Australia’s largest mortgage broker. AFG Mortgage Index shows that mortgage sales fell by 20% in August […]
Mortgage Index – August 2008
FIRMER AFG MORTGAGE SALES DESPITE POOR CONSUMER SENTIMENT: JULY FIGURES AFG mortgage sales figures were 17% higher in July than June suggesting an increase in market share, according to Australia’s largest mortgage broker. AFG Mortgage Index shows that the company arranged $2.4 billion of mortgages in July compared with $2.0 billion in June. In previous months, […]