Home loans in 2011 at 16-year low
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Home loans in 2011 at 16-year low

Upi : Philippines | Sep 19, 2012 at 10:39 AM PDT
Source: United Press International
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Federal Reserve said home mortgage activity dropped 10 percent from 2010 to 2011, hitting the lowest home lending level since 1995. The Fed said banks approved 7.1 million mortgages in 2011 and compared with 7.9 million in 2010 and 6.2 million in 1995, 16 years earlier. FULL ARTICLE AT United Press International
 
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