Mortgage approvals at fresh low (ShareCast via Yahoo! UK & Ireland Finance)
Mortgage approvals have tumbled to the lowest ever recorded by the Bank of England, with just 33,000 home loans approved in July.
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Mortgage rates on the rise (CBC) Canadian banks announced slight increases in their short- and medium-term mortgage rates on Wednesday as interest rate pressures continue to build. The increases ranged from a 10th of a percentage
Rates on 30-year mortgages back on the rise Rates on 30-year mortgages rose last week for the first time in five weeks, according to a nationwide survey.via
Unemployment climbs to 5-year high of 6.1 percent The nation's unemployment rate bolted above the psychologically important 6 percent level last month for the first time in five years _ and it's likely to go even higher in
Austin Home Market Makes A Comeback With Sales Up 20% The residential market is strengthening in this college town and tech hub where housing is 23% below the national median price tag of $215,900.read more...
Analysts say UK plan may ease 35 bln stg mortgage overhang (Reuters via Yahoo! UK & Ireland News) A mooted plan by the British government and the Bank of England to allow banks to swap mortgage-backed securities for government bonds could give a meaningful boost to the troubled
HBOS to cut mortgage sector jobs (BBC News) HBOS is to cut 325 jobs by the end of March next year as it closes one of its specialist mortgage brands.read more...