Demand for fixed rate home loans has fallen for the sixth month, with Mortgage Choice data showing fixed rate loans accounted for 21.75 per cent of all loans written in February, down from more than 28 per cent in September 2017.
Affordability is improving, and first-home buyers are back in the market
New data from the HIA shows that housing affordability improved during the September quarter, while Mortgage Choice says loan approvals for first-home buyers are at four-year highs.