Mortgage activity up 10 per cent, driven by refinancing: CoreLogic

Mortgage activity is up 10 per cent on this time last year, according to CoreLogic's new Early Market Indicators report.

Through to the week ending June 28, activity was up 10.33 per cent on the same time in 2019.

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Unsurprisingly the uptick in mortgage activity has been driven by mortgage holders refinancing given record low interest rates.

Mortgage holders refinancing are up 33 per cent over the same week last year. Refinancing made up 68 per cent of new mortgages written week ending June 28.

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New mortgages written are up 11 per cent over the same week in 2019.