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Why mortgage volumes are about to rebound

July 14, 2020 - 00:08 -- Admin

As reported yesterday, the value of new mortgages issued collapsed by nearly 12% May, driven by a sharp 16% fall in investor mortgages: This was the sharpest monthly decline in new mortgage commitments in the 18 year history of the series. Given historical experience, the decline in new mortgage commitments points to Australian dwelling values

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