Mortgage lending stays flat at end of 2011
Written by Charlie Chester on December 29, 2011 – 11:07 pmNew figures show number of approvals broadly the same in November as they were in October.
Mortgage lending continues to be flat, according to the latest figures from the Bank of England.
There were just 68 more mortgages approved for new purchases in November than in October, although the monthly total of 52,854 approvals is the highest since December 2009.
Meanwhile, the number of approved remortgages was down from 34,004 in October to 31,154 in November.
This indicates that lenders are still imposing strict requirements on borrowers looking for a mortgage.
However, figures from the Building Societies Association (BSA) showed that building societies and other mutuals lent 24% more in November than they had 12 months earlier.
Tags: End, Mortgage Lending
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Euro Drops Below Key $1.30 Mark
Written by Charlie Chester on December 13, 2011 – 2:21 amThe euro fell to its lowest level since mid-January, easing below the key $1.30 mark Wednesday, as any enthusiasm over Europe’s most recent “solution” has cooled.
“This has been a difficult trading year,” said Brown Brothers Harriman currency strategist Marc Chandler. “There’s more room to the downside.”
The euro was trading at $1.2975 and Chandler said next year, it could go below $1.25. It hasn’t traded this low since Jan. 11, when Japan pledged to buy eurozone bonds in an effort to stop the debt crisis from spreading.
“We’re looking at a protracted economic downturn in Europe,” said Chandler. “I’m generally optimistic about the dollar, but (only) out of default because the U.S. Full Article…
Tags: Mark
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Mortgage refinancing activity jumps, still has room to grow
Written by Charlie Chester on December 8, 2011 – 5:54 am
Mortgage refinancing activity increased significantly week-over-week, the Mortgage Bankers Association (MBA) said in its weekly mortgage survey. The MBA’s Weekly Mortgage Applications Survey (for the week ending December 2, 2011) revealed that average mortgage rates dropped yet again. This week is just one of many times in 2011 that consumers have seen declines. The drop resulted in a 12.8 percent week-over-week increase in overall mortgage application activity. “Coming out of the Thanksgiving holiday, applications increased significantly as mortgage rates dropped to their lowest levels in about two months,” Michael Fratantoni, MBA’s Vice President of Research and Economics, said in a statement.
Tags: Activity, Mortgage Refinancing, Mortgage Refinancing Activity, Refinancing Activity
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Leveraged Finance Defined
Written by Charlie Chester on December 2, 2011 – 9:57 pmLeveraged finance relates to funding a business, a company or another investment using more debt than would be considered normal. More than normal debt is going to imply by nature that the funding is a riskier prospect, and therefore more costly than normal borrowing in general. As a result, leveraged finance options are most commonly employed in order to achieve a specific objective that is often temporary by nature. For example, the specific objective may be to make an acquisition, to effect a particular buy-out, to repurchase some shares, or to fund a dividend. Although different banks offer different options when it comes to leveraged finance, and there are generally two different main products to concern yourself with.
Tags: Finance, Leveraged Finance
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38 fabulous baby freebies
Written by Charlie Chester on November 14, 2011 – 3:18 pmGet free nappies, free cuddly toys, free baby food, free baby books, free clothes and baby equipment, free oils and creams, free guides, free money-off vouchers – and loads more fabulous baby freebies!
What’s cute, cuddly and costs £9,491 in its first year? The average baby, according to a survey of 527 parents by insurance firm, LV= earlier this year.
So, if you’re a new parent feeling the pinch, you’re certainly not alone. And you’ve come to the right place: . Here are 38 fabulous baby freebies to help you cut down those crazy baby costs!
1. Wave goodbye to stretch marks with a free sample of SilDerm stretch mark massage oil.
2.
Tags: Baby Freebies, Fabulous Baby, Fabulous Baby Freebies, Freebies
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