By General
Refinancing is having a moment. Data shared by Commonwealth Bank shows that refinancers accounted for 44% of mortgage market share in April 2025, with the banking major anticipating sustained growth throughout the rest of 2025. ANZ, meanwhile, highlights that refinancing volumes have surged by up to 40%, with a 20-30% increase in the number of transactions, per Australian Bureau of Statistics data. No prizes for guessing why with Reserve Bank of Australia rate cuts in the bag and more (probably) to come, customers are making a move. "We've certainly seen a shift in momentum," Natalie Smith, ANZ's general manager, retail broker, said. Brokers are reporting that customers are becoming more active in reviewing their home loans, "particularly as interest rates begin to ease".
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