One in every three loan borrowers fixed their home loans in the month of
March via leading mortgage broker AFG. The broker has recently fixed
their rate at 5% to increase number of fixed home loan borrowers.
According to The AFG Mortgage Index Published on 2nd April, 2013, 29.6%
home loans were fixed in March as compared to 24.1 % and 16.3% in
February and January respectively. The rates achieved in March are
however highest rates achieved till today by the AFG.
Home loan borrowers have shown good response and are desperate to lock loans at fixed rates offered by the mortgage broker.
Many borrowers told that the reason for fixing loans with the broker
were simply the ‘historic low rates’ of interest offered by them. This
move is a part of sales team of the AFG mortgage brokers. Main borrowers
are first home buyers in West Australia (WA) and investors in New South
Wales (NSW). As per the mortgage broker, there is a very low percentage
of loan borrowers who are first home buyers. The data for different
states in Australia is given below:
For more information on mortgage broking and cost effective loan processing with leading mortgage brokers and lenders in Australia, you can talk to our representative or visit our website: www.bbwgroup.com.au
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