Flow of home loans will shrink again, says Bank
July 4th, 2010Flow of home loans will shrink again, says Bank
In a further blow to hopes that housing prices may yet avoid a “double dip”, the Bank of England has said that the supply of mortgage funding over the next three months is expected to shrink, the first such decline since the end of 2008. More ominously still, the Bank added that the demand for mortgages has also weakened over the second quarter of this year.
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