Fixed-rate home loans hit four-year low

Fixed... Fixed-rate home loan demand has fallen to a four-year low.

 

AFTER hitting a four-year low last month, fixed-rate demand has fallen further still, according to Mortgage Choice.

The latest national home loan approval data has found fixed-rate home loans accounted for just 13.88 per cent of all loans written throughout October, down from 14.41 per cent in September.

Mortgage Choice chief executive officer John Flavell said the last time demand for fixed rate products was this low was back in June 2011.

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