Thursday, October 18, 2007

Today CML, yesterday IMF…

New mortgage approvals plummet by 12%

"The rate of new UK mortgages being granted plunged by 12 per cent during September, adding to growing evidence that the booming housing market is finally running out of steam." Another warning after yesterday's announcement from IMF, that housing market was heading for a crash...

Posted by peter @ 11:30 AM (621 views)
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One thought on “Today CML, yesterday IMF…

  • Island Of Sanity says:

    If you read the footnotes of the press release, it mentions that these figures predate the credit crunch and the Northern Rock crisis.

    We haven’t seen anything yet !

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