Mortgage Approvals Jump

Mortgage approvals by volume hit highest level in nearly 2 years and highest level by value since April 2009

November 30, 2011 – 04:04pm, Gareth Vaughan

Residential mortgage approvals by value rose in value to near the NZ$1 billion mark last week, their highest level since April 2009, according to Reserve Bank data.

The central bank’s latest mortgage approvals figures show NZ$966 million worth were approved in the week to Friday, November 25. That’s the highest weekly value approved since NZ$1.346 billion in the week ended April 3, 2009.

By volume, at 6,112, last week saw the highest number of approvals since 6,878 in the week to December 18, 2009

Read more here:

http://www.interest.co.nz/property/56965/mortgage-approvals-volume-hit-highest-level-nearly-2-years-and-highest-level-value-ap

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