"Nearly 40% of all mortgages processed in March were from investors."
"According to AFG’s latest Mortgage Index, two out of every five (39.6%) new home loans last month were for investors. This equated to a total of 3,384 loans with an overall value of $1.6 billion."
"In case you not only have a problem with maths but also with reading charts:
100%(total loans)-40%(investor loans)=60%(non-investor loans)"
"18% refinance + 40% investment + 42% owner occupier" = 100% loans."
investment+owner occupier = new demand
refinance = existing demand/no new demand only refinance
And that was the last of this very basic, bordering on primitive discussion.
Bye.
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- end of the line for the speculative mania
end of the line for the speculative mania, page-54
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