Halifax to reduce mortgage rates

Article Abstract:

Halifax Group PLC is planning to lower mortgage loan rates from 7.5% to 6.75%. The loan rate reduction could cause major competition in Great Britain's home-lending market.

Mortgages, Halifax Group PLC

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U.S., banks near a plan to freeze subprime rates

Article Abstract:

Negotiations between the US government and financial institutions may result in a temporary lock on certain subprime home loan interest rates. This move is expected to ease mortgage holders' and mortgage banks' financial problems and stall rate of home foreclosures.

United States, Legal issues & crime, Government regulation (cont), Government regulation, Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Legal/Government Regulation, Banking Regulation, Administration of Human Resource Programs, Public Assistance-Total Govt, Deposit Interest Regulation, Interpretation and construction, Laws, regulations and rules, Negotiation, mediation and arbitration, Domestic economic assistance, Banking law, Subprime loans

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U.K.'s housing market weakens: November prices fell as demand slumps, interest rates climb

Article Abstract:

Higher interest rates, diminished demand, increased prices, and fewer mortgage approvals, are evidence of a slump in the UK's housing and real estate sector. Article discusses the market's future, and steps taken by financial institutions to manage present conditions.

Residential Building Construction, Sales, profits & dividends, Market information - general, Forecasts, trends, outlooks, Sales & consumption, Other Activities Related to Real Estate, REAL ESTATE, Real Estate Services, Labor Distribution by Employer, Housing incl Mobile Homes, Forecasts and trends, Supply and demand, Housing, Statistics, Real estate industry, Market trend/market analysis, Company sales and earnings, Dwellings, Company earnings/profit, Industry sales and revenue, Company business forecast/projection, Company forecasts, Industry forecasts

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