Seoul property market surges
Lee Hyun Jung walked out of a real-estate office in Seoul’s affluent Gangnam district thinking she’d found her $450,000 dream home.
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US mortgage crisis may cost $US945bn (Adelaide Now) THE International Monetary Fund said today the worldwide losses stemming from the US subprime mortgage crisis could hit $US945 billion ($1.02 trillion) as the impact spreads in the global economy.read
Mortgage rates falling to 5.5% (BizJournals) In a continuing downtrend for home mortgage rates, four key lenders in Hawaii cut their 30-year rates this week to 5.5 percent.read more...
Mortgage rates fall once more WASHINGTON - Rates on 30-year mortgages fell for a second straight week to the lowest level since the beginning of the year.Commentread more...
Mortgage Slump Could Derail Economy (AP via Yahoo! Finance) When Domenico Colombo saw that his monthly mortgage payment was about to balloon by 30 percent, he had a clear picture of how bad it could get.read more...
UPDATE: UK BBA: Mortgage Approvals Hit Record Low In March (The Forex Market) (Adds background, economist comment.) By Joe Parkinson Of DOW JONES NEWSWIRES LONDON -(Dow Jones)- In the latest piece of gloomy news to hit the U.K. housing sector, mortgage approvals sunk
Bank of England must tread carefully Fast on the draw HOME-OWNERS, retailers and manufacturers will today be breathing a collective sign of relief.read more...