More people are getting mortgages approved as they prepare for the Official Cash Rate to fall further.
Latest Centrix figures show mortgage enquiries are up 16% for the month of July and new mortgage lending rose almost 25%.
Key Mortgages broker Jeremy Andrews told Andrew Dickens many people are getting approved and just holding off.
He says there's been more activity lately - with one client of his going to auction, and nine people registered to bid.
Westpac may cut trail commissions, risking ongoing client support and advice. Key Mortgages delivers 10 years of trusted, ongoing mortgage advice without extra fees.
Couple’s complaint over costly break fees after fixing five-year mortgage at 6.29%–6.66% rejected.
Key Mortgages suggests keeping up higher repayments following fixed mortgage rate to currently 4.49%. Repayments over a 20 year term are now similar to what peak market rates payments were over a 30-year loan term.
Jeremy chats with Andrew from NewsTalk ZB about OCR drops affecting mortgage market, turnaround times, and increasing demand.
Key Mortgages shares detail on how credit rating scores can impact your ability to borrow. Talk to us for more information on how to put your best foot forward with main banks
Kāinga Ora loan premium rises to 1.2% post July; Key Mortgages’ Jeremy Andrews says it’s still a good option for many first home buyers
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