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u.k. mortgage approvals edge lower as credit conditions remain far from normalmortgage approvals in the u.k. edged lower to 27k in november from a revised reading of 31k in previous month as falling home values paired with the ongoing turmoil in the credit market curbed demands for home investments.mortgage applications more than doublemortgage applications more than doubled last week, a mortgage bankers' group said Wednesday, as government bailouts led to sinking interest rates that made refinancing especially more attractive.low rates spur mortgage inquirieslower interest rates boost consumer interest in mortgage loans, especially refinancings.u.s.-backed banks could be mortgage aid tool: sourceswashington (reuters) - a network of government-backed lenders could become conduits for fresh mortgage financing under a plan being mulled by u.s. policy-makers, sources familiar with the plan said on tuesday. |
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