Fixed rate loan demand continues to trend up

Fixed rate loans rose to 7 per cent of all its mortgage approvals during May, Mortgage Choice revealed yesterday, up from 4 per cent in April. It is also the highest level recorded in almost a year.

The figure is still considerably down on the 38 per cent peak recorded in November 2007, Mortgage Choice said.

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Written by Staff Reporter

Last Updated: 09 March 2022

Published: 17 June 2009