Mortgage approvals plummet by 38%
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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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Mortgage lending has fallen for two successive months for the first time in four years, reinforcing observations of a weakening property market.
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The number of mortgages approved by banks fall for the fifth month in a row in October, figures show.
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The homebuilder announced that sales orders tumbled 40% in the third quarter.
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Applications for U.S. home mortgages dropped last week as a decrease in purchasing activity offset an increase in refinancing activity, an industry group said on 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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New applications for U.S. home loans fell last week even as average 30-year mortgage rates decreased from the previous week, an industry group said on Wednesday.
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MORTGAGE lending fell again last month, a further sign that the housing bubble has burst. About Â£25.4bn was lent by banks and building societies last month, down 4% on August and the second monthly fall in
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WASHINGTON -- Rates on 30-year and 15-year mortgages fell this week to the lowest levels seen in six months, good news for people wanting to buy a home or refinance.
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Countrywide Financial Corp  said on Thursday that mortgage loan funding tumbled 40 percent to $23 billion in November, sending its shares down nearly 4 percent before the market opened.
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New applications for U.S. home loans fell last week as 30-year mortgage rates reached their highest levels in a month, an industry group said on Wednesday.
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Applications for U.S. home mortgages fell last week, which was shortened by the Thanksgiving holiday, as mortgage rates edged higher, an industry group said on Wednesday.
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New applications for U.S. home loans  fell last week as 30-year mortgage rates declined to their  lowest level since late March, an industry group said on  Wednesday.
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U.S. mortgage applications fell for   the first time in four weeks even as interest rates dropped to   a six-month low, an industry trade group said on Wednesday,   offering more evidence the country's housing market slump is   deepening.
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U.S. mortgage applications fell for   the first time in four weeks even as interest rates dropped to   a six-month low, an industry trade group said on Wednesday,   providing further evidence the country's housing market slump   is deepening.
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Applications for U.S. home mortgages  fell in the last week as mortgage rates edged higher and  refinancing applications fell, an industry group said on  Wednesday.
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The number of mortgage approvals fell to a record low during December, industry figures show.