Mortgage lending slowing rapidly
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The number of new mortgages being given to house movers falls by 20% in the past year, according to the Bank of England.
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Average interest rates for U.S. mortgages dropped for the fourth week in a row, to levels not seen since the beginning of the year, according to a survey released by finance company Freddie Mac  on Thursday.
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Mortgage rates continued their downward slide reaching their lowest point since the first of the year on slower growth in the market, according to a survey released Wednesday.
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The number of loans for house purchases fell by 35 per cent in October compared with the same month last year, providing further evidence of a slowdown in the housing market.
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Business activity, capital spending  and hiring slowed in the third quarter in response to  tightening credit conditions and a rapidly deteriorating  housing market, an industry survey showed on Monday.
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Mortgage borrowing rose at its slowest monthly pace in more than two years in September and approvals for home loans dropped to a four-year low, in another sign that the housing market has turned.
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The housing slowdown has caused  Americans to miss more payments on home loans, though more  appear to be paying their credit card bills on time.
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WASHINGTON - A near-record low for an index that forecasts near-term home sales suggests borrowers in expensive areas are struggling to finalize purchases amid mortgage market woes.
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Mortgage applications barely advanced last week even as interest rates sank to their lowest levels since May, an industry group said on Wednesday, largely reflecting the increasing difficulty borrowers face to obtain a loan as banks tighten lending standards.
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The number of Americans who may lose their homes because of late mortgage payments rose to a record in the first quarter, led by subprime borrowers pinched in an economy that grew at the slowest pace in four years.
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The number of mortgages approved in December fall for the seventh month in a row, with 38% fewer mortgages approved than a year earlier.
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The housing slowdown has caused Americans to miss more payments on home loans, though more appear to be paying their credit card bills on time.
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Business activity, capital spending and hiring slowed in the third quarter in response to tightening credit conditions and a rapidly deteriorating housing market, an industry survey showed on Monday.
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WASHINGTON -- Mortgage rates around the country fell this week, with rates on 30-year mortgages dipping to the second lowest level of the year, pushed down by further signs of economic weakness.
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A swathe of figures have provided further evidence of a slowdown in the UK property market. The Council of Mortgage Lenders (CML), British Bankers Association (BBA) and Building Societies Association (BSA) all said mortgage lending was slowing.
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A disappointing November employment report helped push mortgage rates lower this week, according to Freddie Mac&#39;s weekly mortgage survey.
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Mortgage lending slows to its lowest level in a year in August, but credit card spending continues to boom, Bank of England figures show.