Wednesday, Sep 20, 2006

Mortgage lending up unsecured lending cooling

Firstrung: Mortgage lending up as consumers begin to pay down their unsecured credit

"The draw-down of house purchase loans in particular has driven net mortgage lending higher of late and August's increase set a new monthly record. This buoyancy in mortgage lending is contrasted by the trend in consumer credit, where credit card lending has shown a further decline (the fourth month in a row) while lending on personal loans and overdrafts was weak."

Posted by converted lurker @ 01:17 PM (524 views)
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