Friday, November 23, 2007

Mortgage approvals has been felling

Mortgage approvals fell in U.K. to a record low in October,2007 and mortgage lending has softened according to the British Bankers' Association. It is a further sign that the property market is cooling due to Bank of England' interest rate hikes. BOE is critised for not reacting to the market. Some people say they seem like wanting housing market to crash.

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1 Comments:

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11:02 AM  

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