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Australian Home-Loan Approvals Fall Most in Decade (Update2) (Bloomberg) March 10 (Bloomberg) -- Australian home-loan approvals unexpectedly fell in January by the most in almost a decade after central bank Governor Glenn Stevens raised borrowing costs and the government cut assistance to first-time buyers.
Australian Home-Loan Approvals Unexpectedly Fall 7.9% (Update1) (Bloomberg) March 10 (Bloomberg) -- Australian home-loan approvals unexpectedly fell in January for a fourth straight month after central bank Governor Glenn Stevens raised borrowing costs and the government cut grants to first-time buyers.
ICICI Bank Gains in Mumbai After Ending Fixed-Rate Home Loan (Bloomberg) March 5 (Bloomberg) -- ICICI Bank Ltd. gained as much as 1.2 percent in Mumbai trading after saying it ended a two-year fixed-rate home loan program for customers from March 1. The lender will also raise rates for automobile loans by as much as half a percentage point.
Fannie Mae Mortgage-Bond Spreads Fall to Record: Credit Markets (Bloomberg) March 9 (Bloomberg) -- Yields on Fannie Mae and Freddie Mac mortgage securities that guide U.S. home-loan rates fell to the lowest relative to Treasuries on record, even as the scheduled end of Federal Reserve purchases approaches.