Mortgages

Lender’s full-year cash profit rises 7.1% to record A$10.98 billion; it warns of a slowing economy

The property market has been held back in recent months by elevated borrowing costs

The property market is facing pressure from the recent flareup in hostilities with Iran

The average for a 30-year, fixed loan is up from 6.43% a week earlier, says Freddie Mac

The average for a 30-year fixed loan declined to 6.43% from 6.49% a week earlier

It drops 7.3% to a seasonally adjusted annualised rate of 580,000 units

The average for a 30-year fixed loan drops to 6.47% from 6.52% a week earlier, Freddie Mac says

Average mortgage rates have climbed by almost a full percentage point since the start of the conflict

Banks and building societies approve 65,945 home loans, up from 63,979 in March and the highest number since January last year