|
Home Loans
Definition: Measures the change in the number of ownner occupied home financing (i.e. mortgages) commitments.
Additional Info: Large financial commitments tend to be made by confident, optimistic consumers so a rising trend can indicate a strong domestic economy. Consumer borrowing is also a stimulant of consumer spending. Both of these factors have a positive effect on a Nation's currency. Related Terms: Consumer Spending - Consumer Credit
Did you find this definition helpful? Webmasters can add it to their site completely free! Just copy and paste the code below into the HTML code of the page where you would like 'Home Loans' to appear. It will be displayed in the form of a blue underlined link.
|