90 at 9: Home loan affordability worsens
18th May 09, 10:10am
by
Bernard Hickey details the key news overnight in 90 seconds at 9am, including news that home loan affordability worsened in April by the most in a year. Also, there is NZ$500 million locked up in loans to Blue Chip developments, including NZ$350 million loaned by Westpac, according to the Sunday Star Times. Meanwhile, Eurozone GDP fell 2.5% in the March quarter, which works out at an annualised fall of 10% a year. That is a depression sized hole.
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