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Jeremy Andrews: Key Mortgages broker on more people getting mortgages approved
More people are getting mortgages approved as they prepare for the Official Cash Rate to fall further.
Latest Centrix figures show mortgage enquiries are up 16% for the month of July and new mortgage lending rose almost 25%.
Key Mortgages broker Jeremy Andrews told Andrew Dickens many people are getting approved and just holding off.
He says there's been more activity lately - with one client of his going to auction, and nine people registered to bid.
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