(AFX UK Focus) 2008-11-21 02:32 NZ housing affordability improves in October-report (Interactive Investor)

(AFX UK Focus) 2008-11-21 02:32 NZ housing affordability improves in October-report (Interactive Investor)
WELLINGTON, Nov 21 (Reuters) - New Zealand housing affordability was at its best level in two-and-a-half years in October on the back of lower interest rates, tax cuts, and stable house prices, a mortgage broker said on Friday. Wizard Home Loans said an average income home-buyer needed to commit 68.2 percent of post-tax income to service a mortgage on a median-priced house for the month, easing …

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UPDATE 1-UK govt eyes guarantees for mortgage-backed securities (The Forex Market)
LONDON, Nov 24 (Reuters) - The UK government aims to guarantee mortgage-backed securities in an effort to revitalise the moribund mortgage market, Britain’s finance minister Alistair Darling said on Monday.

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