Mortgage Loans, Home Loans, Bad Credit Home Loans

According to recent data from AFG, First Home Buyers appear to be making a return to the property market.
Based on the AFG Mortgage Index released today, in June, first home buyers had made up 9.5% of the market, whereas in July the FHB sector had grown to 11.1%.
The volume of first home buyer home loans has also increased from $192 million to $204 million.
While the overall mortgage activity is down month by month since earlier in 2010,  the number of new mortgages fell by 15.1 per cent in July.
AFG general manager, sales and operations, Mark Hewitt said six interest rate rises and an environment of economic uncertainty slowed down the market significantly during the first half of the year.
Other contributing factors to reduction in home loan activity were cold weather, school holidays and the calling of the elections.