[katy]

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.

[Anonymous]

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.

[Anonymous]

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

[Anonymous]

😆 😆 😆

[Author]

Posts