The number of home loans plummeted by 7.9 per cent in January, the biggest fall since June 2000, as the market continues to slow after the phasing out of last year's First Home Buyers grant and interest rates increase. January's result follows a 5.5 per cent drop in December, the Australian Burea...

The number of home loans extended in Australia in December declined by a seasonally adjusted 5.5 percent in December. A seasonally adjusted total of 55,632 loans were provided for owner occupied housing. The Australian Bureau of Statistics reported Wednesday that in trend terms, which further ...

U.K. mortgage approvals climbed to a 14-month high in June, a sign the housing market is recovering as the recession eases and banks become more willing to lend. Banks granted 47,584 home loans, compared with 44,169 in May, the Bank of England said today in London. Economists predicted 47,000, ac...

Britons paid down mortgage debt at a record pace in the first three months of the year as the recession encouraged people to curb borrowing. Individuals added to their housing equity for a fourth quarter, paying in a net 8.1 billion pounds ($13.2 billion), which was the most since records began i...

The Pound has found support reaching as high as 1.3840 on the back of positive news from Barclays and a rebound in home loans. Although, the British bank announced that it was writing down £8 billion, it announced that it wouldn?t need to take funds from the government.