Currently, the average rate on mortgages in the country amount to about 4%. However, within two years they can grow up to 8% or even 11.5%, which would put many British people in a difficult financial situation.
Hong Kong authorities have decided to tighten mortgage lending and announced their intention to increase the amount of land offered for sale under construction, to cool the overheated real estate market.
Rates on 30-year mortgage in the U.S. reduced the third consecutive week, reducing the cost of borrowing for buyers of homes on the background of unemployment and the high number of loss of rights to repayment of a mortgage.
The situation c crediting of citizens to build or buy housing in any country is a serious indicator of the state of affairs in the state economy as a whole. The total amount of loans for housing in Finland doubled in the past seven years, according to YLE. In 2009, mortgage loans amounted to about 70 billion euros.
Office of Financial Regulation and Supervision (FSA) has published new regulations that are designed to protect the difficulties with payments on a mortgage loan.