Cheap debt drives refinancing boom

By Clancy Yeates
Updated July 16 2016 - 10:23am, first published June 28 2016 - 12:36pm
More bank customers are refinancing, which can deliver borrowers savings through lower interest costs. Photo: Carolyn Hebbard
More bank customers are refinancing, which can deliver borrowers savings through lower interest costs. Photo: Carolyn Hebbard

A record number of home owners are refinancing their mortgages, spurred on by ultra-low interest rates and banks that are hungry for business.

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