Despite tough market conditions brokers continue to grow their share of the home loan market, an industry report has revealed.
After dipping when the credit crisis hit, the broker share of the market has now returned to 38 per cent JPMorgan and Fujitsu Consulting said yesterday.
The report accredits the growth in market share with a broker shift towards the major banks, which have been less affected by the global shortage of funds.
The report also found that consumers looking to refinance were most likely to use a broker.
Today's other news
If you’re feeling overworked and overwhelmed in this fast-paced mortgage market, it’s time to make some changes, and the Business Accelerator Program can help! Early bird tickets are on sale now. Work smarter, not harder, this year.
One-fifth of Australians have admitted to not telling the whole t...
The SME challenger bank has announced its latest equity funding r...
The aggregator has partnered with a finance brokerage to add a co...