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AAP

Business

Poppy Johnston

Refinancing kicks up a gear as rates bite

Mortgage payers are engaging in a record level of refinancing as low interest deals come to an end. (Joel Carrett/AAP PHOTOS) (AAP)

The refinancing boom continues as mortgage holders look for better deals to insulate themselves from interest rate hikes.

Refinancing levels hit $13.4 billion in November, breaking a new Australian Bureau of Statistics record for owner-occupier refinancing between lenders.

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