RBA Disappoints Consumers

Borrowers seeking relief from the uncertain economic climate and cost of living increases will be disappointed the Reserve Bank of Australia (RBA) has resisted the chance to lower official interest rates, says leading mortgage broker Priority Lending. Priority Lending Corporate Spokesman Paul Smith said most consumers had been expecting the RBA to reduce the cash…

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Growth In Refinance Set to Continue

Home loan customers refinancing their existing mortgages are set to continue their strong activity in the housing finance market during 2012, according to leading mortgage broker Priority Lending. Priority Lending Chief Operating OfficerDean Rushtonsaid the company experienced a 16 per cent rise in refinance enquiry over the past 12 months. Mr Rushton said the Reserve Bank of…

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