The number of mortgages approved for home buyers rose slightly in March, the Bank of England has said.
The total increased to 48,901 in March from 46,882 the month before, and the figure was 17% higher than in March 2009.
However, the Bank’s figures still suggest that mortgage lending has had a sluggish start to the year.
Approvals in the first three months were the lowest on record for the first quarter of any year, apart from 2009. » Read more…
IF you blinked, you might have missed the ugly first-quarter report last week from Freddie Mac, the mortgage finance giant that, along with its sister Fannie Mae, soldiers on as one of the financial world’s biggest wards of the state. » Read more…
Although the market for selling a home is slowly improving, the price a homeowner can get for that home continues to decline nationwide and in South Florida, according to Zillow. » Read more…
NEW YORK — Fitch Ratings on Monday said late payments on high-risk residential mortgages known as ‘Alt-A’ loans fell last month for the first time in four years as more borrowers caught up on their payments and modified their loans. » Read more…
Long-term mortgage rates fell to the lowest level of the year this week, after dropping for five consecutive weeks. » Read more…