Mortgage lending hits 12-month low
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The chances of another rise in interest rates faded today as mortgage lending slowed to its lowest level for a year during August.
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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.
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September saw the lowest number of new mortgage approvals in the UK since August 2000, official figures show.
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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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Sales of new homes hit a 12-year low, falling short of even the most skeptical Wall Street estimates.
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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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Mortgage lending has declined by a quarter since last year, according to new figures, providing further evidence of a slowdown in the housing market.
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UK Mortgage borrowing in September posted its smallest monthly increase in a year and a half, while approvals for home loans dropped to a four-year low, according to figures released yesterday
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Pending sales of previously owned  homes fell by a surprising 12.2 percent in July as credit  tightened up amid troubles in the housing and subprime mortgage  sectors, a real estate trade group said on Wednesday
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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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Sales hit their lowest rate in over seven years, as tighter credit and rising inventories hurt the housing industry.
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The number of mortgage approvals fell to a record low during December, industry figures show.
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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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Interest rates on short-term Treasury bills fell in auction yesterday to the lowest levels in more than a year.
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Mortgage approvals at the UK's biggest banks, making up half of mortgage lending, have dipped slightly in January.
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Consumer prices unexpectedly dipped 0.1 percent last month and new home construction hit a 12-year low, data on Wednesday showed, underlining concerns about the country's economic outlook.
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U.S. mortgage applications fell for   the first time in four weeks as demand for home purchase loans   dropped to the lowest level in nearly three years, an industry   trade group said on Wednesday.