Mortgage Broker market share surges to a record 59.1%
More Australians are using a Mortgage Broker than ever before. New figures show that the proportion of Residential Australian Mortgages introduced by brokers grew to 59.1% in the September quarter of 2018!
MFAA CEO Mike Felton said the result reflects not only the trust and confidence customers have in their mortgage broker but the systemic importance of the mortgage broking industry.
“This result has occurred during a period of severe credit tightening with brokers stepping in to provide critical assistance in the redistribution of credit demand for those seeking home lending,” Mr Felton said.
Read MFAA's full media release here.