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UK Only Article: standard article Issue: Capitalism’s unlikely heroes Fly Title: Buttonwood Rubric: The world is still addicted to debt EIGHT years have passed since subprime mortgages started to go disastrously wrong, but the after-effects of the debt crisis are still around. So, as a new report from the … Read entire story.
Source: Economic Issues
WASHINGTON (AP) — Average long-term U.S. mortgage rates fell this week, resuming their downward trend of this year after rising slightly last week. Rates are near historically low levels.
NEW YORK (Reuters) – Applications for U.S. home mortgages slipped last week as refinancing applications dropped, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, fell 2.2 percent in the week ended July 25. …
By Marius Zaharia and Angeliki Koutantou LONDON/ATHENS (Reuters) – Greek stocks on Wednesday posted their biggest one-day loss since the height of the euro zone crisis, while bond yields soared to levels that threatened to derail government plans to quit an international bailout a year early. Ten-year government …