• September 17, 2011
  • Posted by: Geoffrey Slater
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Mortgage Sales Soar to 18 month High

MORTGAGE sales soared to $2.7 billion in August, their highest level for 18 months, according to the country’s biggest mortgage broker, AFG.

AFG reported that more than 38 per cent of all mortgages sold in August were for refinancing, as property owners took advantage of a highly competitive lending environment

Read more: http://www.news.com.au/money/property/refinancing-drives-mortgage-market-to-an-18-month-high/story-e6frfmd0-1226130256863#ixzz1YBCnWSjF