Wednesday, May 28, 2008
The vice tightens on the homeowner and consumer.
The Times: Homebuyers continue to feel the squeeze from credit crunch
Mortage rates up to 7% from 5% 2 years ago.
Mortgage lending down 40%. Credit card debt being reduced a bit. Evidence that some people may be trying to save.
Consumer spedning unlikely to recover before 2010.
Posted by mikelivingstone @ 07:00 AM (131 views) Add Comment
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