refinance

There’s no discernible trend in loan defaults and arrears now, but it is coming, APRA has highlighted.

While refinance activity dropped in June more than $20 billion in home loans were switched.

Construction costs and rate rises continue to weigh on first home buyer commitments, warns the industry. 

The major bank is set to launch a new, more affordable refinance option, available exclusively to borrowers online.

Loan refinancing volumes reached new highs by the end of July, PEXA’s Refinance Index has indicated.

Despite the interest rate holding steady in 2021, a record number of property owners refinanced, driven by market uncertainty, according to PEXA.

March saw a new record in refinance activity and the first time in over a year that the value of new home lending increased.

Borrowers refinancing have allowed the major banks to maintain their market share dominance, the aggregator has revealed.

Throughout the June quarter, nearly 100,000 mortgage holders switched lenders. This equated to over 1,000 every day.

New data has found a jump in mortgage demand and borrowers seeking out better deals as interest rates shift.

Mortgage brokers have said serviceability issues are the primary hurdle for their clients looking to refinance, the MFAA’s new survey has found.

Declines in new loan settlements and refinances are continuing across the states, according to the digital settlement platform.