More Bad news

Viewing 3 reply threads
  • Author
    Posts
    • #55108
      katy
      Blocked

      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
      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
      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
      Anonymous
      Participant

      😆 😆 😆

Viewing 3 reply threads
  • The forum ‘Real Estate Topics, News & Discussion​’ is closed to new topics and replies.