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Today's Mortgage Terms starting with H Home Equity Line of Credit: A type of revolving credit in which your home is used as collateral. Home Equity Loan: A revolving line of credit or loan based on the equity in the mortgagor's property. The property is the collateral for the loan, which is usable for any purpose. Housing and Urban Development (HUD): A U.S. government agency created to introduce federal housing and community development programs; manages the Federal Housing Administration. View all Terms

Archer mortgage rates news:

INSTANT VIEW 6-UK mortgage approvals match series low in Oct - Forbes
LONDON, Dec 1 (Reuters) - British mortgage approvals for house purchase fell in October to match August's reading of 32,000, the lowest since the series began almost a decade ago, the Bank of England said on Monday. Mortgage lending was also much ...

Mortgage approvals back at record low - Guardian Unlimited
The number of mortgages approved for house purchases fell back to a record low in October, despite a fall in interest rates at the start of the month, figures showed today. Lenders approved 32,000 home loans for buyers during the month, the same ...

House prices to tumble with lending set for first fall - This is Money
House prices are likely to continue to tumble next year, as mortgage lending goes into reverse for the first time ever. The Government's mortgage expert Sir James Crosby has warned that unless swift action is taken repayments and redemptions will ...

Construction shrinks at fastest pace in 11 years - Times Online
Britain’s construction sector contracted at the fastest pace in more than a decade during November, as the rate of new houses being built continue to plunge. The Chartered Institute of Purchasing and Supply (CIPS)/Markit construction index revealed ...

Mortgage slump piles pressure on Bank of England to cut rates again - Scotsman
THE value of new mortgages being offered to prospective home-buyers has plummeted by two-thirds in a month, new figures showed yesterday. Loans worth £459 million were offered in October – compared to £1.49 billion the previous month. The Bank of ...

Mortgage bills will drop as 1% interest rate cut predicted - Evening Standard
Mortgage bills for hundreds of thousands of London homeowners are set to be slashed again this week. Most City economists are convinced the Bank of England will cut its official base rate by another full percentage point to a record-equalling two per ...

Mortgage approvals still falling - BBC News
Bank of England figures show that just 32,000 mortgages were approved, 1,000 fewer than in the previous month. The number of mortgages approved, but not yet lent, is a good indicator of medium-term trends in lending. The UK housing market has already ...

UK mortgage approvals down 72pc from peak, Bank of England figures ... - Daily Telegraph
Approvals fell by 1,000 from September to 32,000 - this equals the figure reached in August which is the lowest since comparable records began in 1993, and a clear signal that the UK housing market crisis is nowhere near recovery. The pace of decline ...

Mortgage lending falls again - Herald
Mortgage lending across the UK fell again during October after the market saw a slight rebound in September, figures showed today. Net mortgage lending, which strips out redemptions and repayments, was £2.9 billion during the month, down from £3.5 ...

Bank urged to cut rates to lowest level since 1939 - Guardian Unlimited
Business groups are urging the Bank of England to slash interest rates to their lowest level since the Second World War this week. The Observer-New Star interest rate predictor is pointing to a 0.5 percentage point cut, to 2.5 per cent, following ...