Mortgage approvals fell sharply in June, lending yet more weight to the theory of a dip in the UK housing market as the Nationwide index showed UK house prices starting to fall in July
Bank of England data show mortgage approvals for house purchases fell by 3.7 per cent to 47,643. The drop, following a very [...]
Posts Tagged ‘economic growth’
Mortgage approvals fall back to January level
July 31st, 2010 by Mortgage Writer
Tags: Bank of England, economic growth, economists, financial, housing market, mortgage, mortgage lender
more...U.S. housing market remains fragile despite low mortgage rates
July 2nd, 2010 by Mortgage Writer
After showing signs of a fledgling recovery from the worst downturn in decades, the U.S. housing market appears to be heading back toward the doldrums, as the expiration of a lucrative tax credit for buyers and increased uncertainty about the economy cause home sales to plummet.
The sudden weakness in residential real estate has struck nearly [...]
Tags: economic growth, home sales, housing market, interest rates, mortgage payments, mortgage rates, real estate, tax credit, Unemployment Rate, US Economy
Retail sales gains in January could boost growth
February 13th, 2010 by Mortgage Writer
A modestly better-than-expected report on retail sales for January could suggest stronger economic growth in coming months. But this week’s severe snowstorms will likely depress activity in February.
The 0.5 percent gain the Commerce Department reported Friday exceeded the 0.3 percent rise economists had expected. Strength came from a surge at general merchandise stores. These include [...]
Tags: commerce department, economic growth, financial services, retail sales, Unemployment Rate
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