Pexa business on mortgage refinancing to hit new records!
From The Age:
Banks brace for refinancing ‘avalanche’ as cheap fixed-rate loans expire
The record-breaking boom in mortgage refinancing is expected to gain even more momentum in the months ahead as a $141 billion wave of fixed-rate home loans expires, forcing banks to compete aggressively for customers.
An index from online property exchange PEXA last week showed the number of loans being refinanced was 22.8 per cent higher than the same week last year and second only to a record level from December, and experts say refinancing activity will hit new highs in the coming months.
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Last
$13.88 |
Change
-0.100(0.72%) |
Mkt cap ! $2.462B | |||
| Open | High | Low | Value | Volume |
| $13.96 | $13.97 | $13.81 | $2.425M | 174.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 965 | $13.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.89 | 800 | 2 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| PXA (ASX) Chart |