Banks Fail to Lower Mortgage Rates as Bernanke Cuts Money Costs (Bloomberg.com) March 27 (Bloomberg) -- Marjorie Killian is eager to buy a home in San Diego and is pre-approved for a mortgage. She won't make an offer on a property until
Mortgage lending growth at 20-year low (RTÉ News) Growth in mortgage lending dropped below 10% for the first time in more than 20 years in July, according to figures from the Central Bank. The bank said the annual
U.S. Home Resales Surge to Second-Highest Level on Record; Prices Increase Printer-Friendly Format U.S. Aug. Home Resales Surge; Prices Soar to Record Sept.read more...
Eurozone giant SCH bank boosts profits with help from Abbey National Santander Central Hispano, the leading Spanish bank and the biggest in the eurozone by capitalisation, has reported a 38.52-percent rise in first-quarter net profit, boosted by the inclusion of British
Outside View: Oil prices and recessions Economists don't have a standard definition for a slowdown. Let's say economic growth of less than 2.5 percent for two consecutive quarters.read more...
Fed takes break from interest rate hikes After raising interest rates 17 straight times since June 2004, the Federal Reserve decided Tuesday to stop and see if it has already done enough to keep inflation in check
“First-time buyers have seen a big rise in the deposit needed to buy a home and the amount of their income spent on mortgages”
In future it could cost ten times salary to buy a home UK house prices could rise to the equivalent of ten times average salaries by 2026, a newly-established think-tank has said. via BBC News
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