Rates dropped
There was a significant surge in mortgage refinancing activity in 2020, and it's making a material difference to mortgage rates on outstanding loans.
Australia is looking relatively well placed as we kick off a new year.
The US 30-year fixed mortgage rate fell to yet another all-time low of 2.65 per cent.
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The Halifax reported a 2.6 per cent increase for UK house prices in the final quarter of 2020.
The annual price gain was +6 per cent.
