Currently browsing category

News, Page 44

UK mortgage approvals pick up in December, consumer credit slows

British mortgage approvals rose in December for the first time since June, the Bank of England said on Friday, suggesting that a steady slowdown in the number of loans for home purchases could be bottoming out. Data from the BoE also showed a sharp slowdown in December in borrowing by British consumers whose spending has driven the country's economic recovery. The BoE said mortgage approvals for …

The World's Next Mortgage Crisis?

Although a resident of Austria, he had taken a home mortgage in Swiss francs, which carried a lower interest rate than mortgages in euros. In the second half of January, hundreds of thousands of homeowners across Europe—and especially across Central and Eastern Europe—have been jolted in similar ways.

Mortgage Rates Tick Up

Freddie Mac today released the results of its Primary Mortgage Market Survey® , showing average fixed mortgage rates reversing course from the first weeks of the year to tick up slightly.