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Borrower

Mortgage index confirms FHB surge

3 minute read
The Adviser

The latest AFG Mortgage Index released today has confirmed that first home buyers are rushing to take advantage of government grants and historically low interest rates.

Total mortgage sales for AFG reached $2.6 billion in February – the highest monthly volume the group has recorded since November 2007.

Of those sales, first home buyers comprised a substantial 26.1 per cent of all mortgages sold.

 

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