Find Real Estate Agents and Homes for Sale

Real Estate News --> Iowa News

Why Marion, IA is a Great Place to Live

High-ranking schools, 15 parks, Uptown district contribute to quality of life. One of the fastest growing cities in Iowa is Marion, with a 2017 population of about 37,000 people and still increasing by nearly 500 residents a year. The community has an ...

Archived Story

Mortgage lending rose for the third consecutive month during July to reach its highest level for a year, figures showed today.A total of £13.6 billion was advanced during the month, 5% more than in June and the highest level since July 2009, according to the Council of Mortgage Lenders. But the figure was still 4% down on the £14 billion that was lent during the same month last year and the group warned that lending levels were likely to remain subdued for the rest of 2010. The group last week revised down its forecasts for total mortgage lending for this year, reducing the figure from £150 billion to £140 billion, putting it slightly below 2009's level. It also slashed predictions for net lending, which strips out redemptions and repayments, to £12 billion, compared with £15 billion previously. Paul Samter, CML economist, said: "It is difficult to see anything other than a slow market for the rest of this year as underlying activity remains subdued. "The rest of 2010 is likely to see rather lower lending and transaction numbers compared to the same period last year. "Late 2009 saw a pick-up as some home buyers looked to move before the end of the first stamp duty holiday." But he added that while lending levels are likely to be lower than expected, the vast majority of homeowners are not facing problems paying their mortgages. The group expects 39,000 people to have their homes repossessed this year, down from its previous forecast of 53,000. Data from the Bank of England, published today, also pointed to a slower mortgage market. The bank's Trends in Lending report said the number of mortgages approved for house purchase "edged down" in July. It added that the availability of secured credit had not changed significantly since the beginning of the year, despite a rise in the number of different mortgage products on the market. The major lenders expect mortgage lending to remain subdued in the coming months. Andrew Montlake, director of mortgage broker Coreco, said: "The modest rise in mortgage activity we've seen since May has been set against a low base, and although there has been a noticeable rise in the number of products available to borrowers, and more lenders returning to the market, the mortgage landscape is by no means close to returning to normal." More about: Banking Bank Of England Loans And Lending Market Mortgages Reuse content Comments Most Popular Sponsored Features Video Follow us: User Policies Privacy Policy Cookie Policy Code of Conduct Complaint Form Contact Us Contributors All Topics Archive Newsletters Jobs Subscriptions Advertising Guide Syndication Evening Standard Novaya Gazeta Install our Apps Voucher Codes We use cookies to enhance your visit to our site and to bring you advertisements that might interest youRead our Privacy and Cookie Policies to find out more. (function(i,s,o,g,r,a,m){i["GoogleAnalyticsObject"]=r;i[r]=i[r]||function(){(i[r].q=i[r].q||[]).push(arguments)},i[r].l=1*new Date();a=s.createElement(o),m=s.getElementsByTagName(o)[0];a.async=1;a.src=g;m.parentNode.insertBefore(a,m)})(window,document,"script","","ga");ga("create", "UA-27212627-1", {"cookieDomain":"auto"});ga("set", "anonymizeIp", true);ga("set", "dimension1", "Image");ga("set", "dimension2", "Money");ga("set", "dimension3", "Mortgages");ga("set", "dimension4", "By Nicky Burridge, Press Association");ga("set", "dimension5", "4906931");ga("send", "pageview"); ;

Trending Iowa News:

  • Rental rates down moderately in 2014
  • Iowa Property Credit claims available
  • Process to Move, Downsize Iowa City Post Office Underway
  • Digest: Emerald ash borer found in 10th Iowa county
  • Trump Breaks Away In Iowa As Polls Tighten
  • Keystone Library News, Jan. 16, 2013
  • Santorum 2016? Iowa Homecoming Sparks Speculation
  • U.S. prosecutors subpoena Kushner Companies over financing pitch
  • Video: GOP contest heats up
  • IV Habitat for Humanity to host Hammers, Hearts Bash
  • Realty Transfers
  • Iowa’s largest brokerage sued over commission splits
  • All but 2 GOP hopefuls shun Trump debate
  • Affordable housing loses again
  • AJ Capital Partners Acquires Iowa City Sheraton, Plans Conversion
  • County to explore real estate purchase
  • An Oregon lawmaker's strange crusade to save an Iowa town -- with Chinese money
  • Muscatine County approves tax break for Monsanto expansion
  • Lego city takes shape in teenager's basement
  • Supertel Acquires Hotel in lowa - Analyst Blog