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Home loan approvals take a dive

Thursday, April 15th 2010, 11:37AM

 

The number and value of home loan approvals have been in decline for sometime according to Reserve Bank figures in the graph above.

The latest data shows a drop of $133.1 million in the first week of April 2010 followed by a $68.2 million drop the second week. The most recent surge in both number and value of home loan approvals was back around June of last year.

 

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Disclaimer: Every possible effort has been made to keep the information in the rates tables as accurate as possible, however, neither the publishers of Mortgage Rates nor anyone engaged to compile these tables accept any liability for inaccuracies or any loss suffered as a result. It is strongly advised that readers check loan details directly with the provider concerned.

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