Commonwealth Bank of Australia (ASX:CBA) said home loan application volumes have softened in the wake of higher rates, according to a Wednesday Australian bourse filing.
The application volumes in the period from February to August fell 17% year over year, the lender said. They fell 15% in August since May.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.