FNB: September Mortgage Advances
29 October 2008 | Investments | General | John Loos, Property Strategist, FNB
The September outstanding mortgage advances data showed further decline in year-on-year growth compared with August, a declining trend which started in late-2006, and could head towards negative growth at a stage in 2009 before turning for the better only in 2010. The weak residential mortgage market is the main driver of this weakening trend.
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