Friday, Sep 18, 2009
Start of the next leg down?
Citywire | Mrs Cohen?: Summertime plunge in mortgage lending
Mortgage lending fell by 13% in August, with ongoing funding constraints likely to prevent any pick-up in housing market activity, the Council of Mortgage Lenders reported today.
Although the group attributed August’s fall to a seasonal decline in activity, it said that demand from consumers and a prudent approach to lending criteria would mean the market remains subdued.
Posted by lukeskywalker @ 11:31 AM (229 views) Add Comment
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