gross mortgage lending fell by 19pc to £10.2bn in april, according to the council of mortgage lenders.
mortgage borrowers still underwater
despite rising home prices, more than 30% of borrowers, or close to 16 million homeowners, were underwater on their mortgage during the first quarter, according to zillow.
mortgage rates fall to new records
mortgage rates for 30-year loan now stand at 3.78 percent. fixed mortgage rates for 15-year loans are unchanged at 3.04 percent, a record low.
mortgage companies urged to introduce ach to their clients
mortgage companies must introduce the automated clearing house (ach) to their clients to make the collection of payments less cumbersome.
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