Thursday, December 18, 2008

No way out – the crash is well under way

Lenders fail to pass on cheaper borrowing costs

Mortgage experts accused lenders of boosting profit margins at the expense of borrowers who are struggling to find competitive deals amidst a chronic mortgage drought. The total number of mortgages on the market has fallen by almost three-quarters since the beginning of the year.

Posted by v stor @ 07:37 PM (564 views)
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