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AUSTRALIAN HOMEBUYERS BRACE FOR RATE RISE.
Publication: AsiaPulse News Publication Date: 31-JUL-07 |
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COPYRIGHT 2007 Asia Pulse Pty Ltd
COOLUM, Qld, July 31 Asia Pulse - Homebuyers should brace themselves for a rise in mortgage rates next week as credit demand accelerated at its fastest pace in more than 18 years last month.
While economists say the 1.8 per cent jump in overall credit demand in June was probably linked to borrowing to fund superannuation contributions ahead of rule changes at the end of June, it still indicates that current interest rate...
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