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12/07/2013 - 09:35

Lower rates boost home loans

12/07/2013 - 09:35

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A rise in home loan approvals is a sign that record-low interest rates are working to stimulate the housing sector.Mortgage numbers rose by 1.8 per cent in May, the month the Reserve Bank of Australia (RBA) trimmed the cash rate to 2.75 per cent.

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