More Bad news

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This topic contains 3 replies, has 4 voices, and was last updated by Profile photo of Anonymous Anonymous 7 years, 4 months ago.

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  • #55108
    Profile photo of katy
    katy
    Spectator

    http://www.diariosur.es/20090716/economia/ventas-viviendas-cayeron-mayo-200907160907.html

    Sorry I don’t have time to translate but the figures speak for themselves.

  • #93424
    Profile photo of Anonymous
    Anonymous
    Participant

    We’ll forgive you about the translation Katy 😉

    Wow – pretty bad news indeed.

    Banks are re-capitalising and the difference between the swap rates and the rates offered with respect to mortgages has never been wider. In other words, banks are recouping their losses by making mortgage holders pay over the odds.

    Until we see mortgage rate fall to, say 0.75%, this bad news is going to continue I’m afraid.

  • #93425
    Profile photo of Anonymous
    Anonymous
    Participant

    I panicked when I first saw the title as this thread as I feared that Tree had lost his ability to type! 😯

  • #93429
    Profile photo of Anonymous
    Anonymous
    Participant

    😆 😆 😆

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