June 2020

June 2020

August 5, 2020

The value of new loan commitments for housing (excluding refinancing) unexpectedly rose by 6.2% in June 2020, which was the fastest pace since March 2009.

The rebound reflects the easing of COVID-19 restrictions on home opens, auctions and mobility.

External refinancing retreated from all-time highs in May, yet remains elevated by historical standards.

Download PDF