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It was the slowest month since February with many consumers waiting for lower interest rates.
Total number of new mortgages (purchase and refinance) was 7 percent less compare with the one in June as Scotsman reports.
New Zealand mortgage industry also experienced some slowdown, but overall, it was a very strong year, according to NZCity.
Posted in Mortgages at August 25, 2005 09:21 PM
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