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Making news this week (week ending 17 June)

Tune in to some of the top news stories impacting the mortgages space in this weekly wrap-up.

You can read the full stories here: 

Triple whammy 50-bp cash rate hikes tipped by NAB

Economists at the major bank believe the Reserve Bank will repeat its largest cash rate increase in two decades not once, but twice more.

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Brokers continue to write majority of bank mortgages

Nearly 58 per cent of loans funded by banks are originated by the third-party channel, according to APRA statistics.

Refinances ramping up across Australia: PEXA

There has been a significant uptick in customers switching lenders, with refinance volumes across states being as much as 26.7 per cent higher over May.

BNPL ‘debts’ to be included in DTI ratios: APRA

Banks will need to include buy now, pay later and higher education debts when reporting debt-to-income ratios to the regulator from September, APRA has said.

Australian home values top $10 trillion

The value of Australia’s 10.8 million residential homes has topped $10 trillion for the first time.

 

Making news this week (week ending 17 June)
mortgagebusiness

Latest News

Over four in 10 home owners are using the equity in their home to get ahead on their mortgage, a NAB survey has found. ...

Less than five months after its business and agribusiness divisions were joined, the banking group has appointed the conglomerate’s first...

The mutual bank has expanded its partnership with NextGen in a bid to establish a complete end-to-end origination and assessment process. ...

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