New data shows many borrowers are still opting for fixed rate home loans, despite predictions of an RBA interest rate cut today
A report released today showed that although there is a significant level of interest in property investment from Australians under 30, most are waiting for the new year before buying.
The number mortgages for owner occupied homes fell for the first time in 10 months in July, dropping by 2%, but the total value of investment housing commitments (trend) rose 1.0% compared with June 2009 according to the Australian Bureau of Statistics (ABS).
The MFAA's decision to end the memberships of 1,500 mortgage brokers who failed to obtain a Certificate IV qualification has the support of Mortgage Choice
The popularity of fixed rate loans dropped slightly to just under 7%, according to new data.
Warren O'Rourke, the former spokesperson for Mortgage Choice, has joined QBE LMI as senior manager marketing communications