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

Mortgage activity up 10 per cent, driven by refinancing: CoreLogic
Staff ReporterJune 28, 2020

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.

To enlarge, click here.

 

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.

To enlarge, click here.

 

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

 

 

Editor's Picks

Tian An launches North Village, Auburn Square second stage
The lure of Yamba: The holiday destination people want to live
“Pioneers of amenity spaces”: Far East Consortium doubles down on facilities at 640 Bourke
VIC Government extend stamp duty abolition for off the plan properties to October 2026
JWLand approaches completion of De Burgh, Northbourne Village apartments