Home / Home Loans / Mortgage problems in decline

Mortgage problems in decline

20/12/2011

Stable interest rates saw mortgages arrears levels decline through the middle of this year, according to Fitch Ratings. Arrears were down to 1.42 per cent of all mortgages in September, after being recorded in May this year at 1.77 per cent.

While overall mortgage delinquency levels improved in all states, localities still doing it tough included Sydney's south-western suburbs, the NSW Central Coast and the Gold Coast in Queensland.

The south-west of Western Australia was likewise still among the regions with higher delinquencies, and tourism destinations in coastal locations were increasingly in arrears.

Source: Australian Broker News



Previous Article  Next Article


Popular Mortgages $250k

 



Popular Searches


Today's Best Rates

Institution Product Title Rate (%) Details
UHomeLoan - Refinance only (incl 0.20%p.a lifetime Loyalty Discount) 5.83
Dream Loan Express 5.95
State Custodians Standard Variable Offset Loan 6.02
MyRate.com.au - Advantage Rate Loan 6.15
Member Package Ultimate Offset Account 6.19
Institution Product Title Rate (%) Details

Rates for a $250,000 standard loan. The 3 year tabs show loans that are fixed for 3 years.



SPONSORED LINKS