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Mortgage applications on the rise, but not as high as a year ago
Mortgage applications 2.3 per cent in the June quarter, this shows positive signs for the market, however mortgage applications fell 20.3 per cent compared with the June 2009 quarter, as the first home owner grants were wound back. This seems to indicate that there is no sign in Australia of the US sub prime bubble occurring here.
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31 comments to “Mortgage applications on the rise, but not as high as a year ago”
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