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data snap: uk april mortgage, business lending weakens
net mortgage lending by u.k. banks dropped back in april as demand for property weakened following the end of the government's stamp duty land tax holiday for first-time buyers, and as rising euro zone tensions weigh more heavily on both business and consumer confidence, a survey from the british bankers association showed thursday.
mortgage rates move lower
washington, may 24 (upi) -- average mortgage rates for long-term, fixed-rate loans keep falling to record lows, the federal home loan mortgage corp. said thursday.
uk mortgage holders feeling the squeeze
according to one report, consumers are more than £100 (s$201) worse off than during the same period in 2011, while a consumer sentiment survey revealed that mortgage holders are feeling the pinch from recent interest rate hikes.
uk mortgage activity up 16%
the index shows that mortgage activity remains strong with year-on-year figures rising 16 percent, even though mortgage applications declined 13 percent in april from march.
