Growth

Low doc loans still popular despite rate increases

by Staff Reporter•Monday, 29 Oct 2007•7 minute read

The low doc loan market grew by 26 per cent to reach $8.4 billion last year, despite being hampered by surging interest rates said research house MISC Australia today.

The growth in low doc mortgages coincided with three successive quarters of interest rate rises – each of 25 basis points – plus an additional hike in August this year.

You’re out of free articles for this month

To continue reading the rest of this article, please log in.

Looking for more benefits? Become a Premium Member.

Create free account to get unlimited news articles and more!

Looking for more benefits? Become a Premium Member.

First Name

Last Name

Mobile

Organisation Type

By becoming a member, I agree to receive information and promotional messages from The Adviser. I can opt out of these communications at any time. For more information, please visit our Privacy Statement.

Need help signing up? Visit the Help Centre.

Read the latest issue of The Adviser magazine!

The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers

Low doc loans still popular despite rate increases

Latest Poll

Do you think that more people are needing specialist finance now than ever before?

OUR PLATFORMS AND BRANDS

EVENTS AND SUMMITS

PODCASTS

LEARNING AND EDUCATION

MOMENTUM MARKETS NETWORK

LINKS

STAY CONNECTED