Tuesday, May 29, 2007
Mortgage demand is moderating
Firstrung: Higher interest rates subdue mortgage borrowing - BBA
April figures for high street lending show that mortgage demand is moderating in the face of rising interest rates.April's gross mortgage lending of £17.3bn was 12% more than in April 2006. This largely reflects 10% annual growth in house prices and strong re-mortgaging activity...
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