U.K. Mortgage Payments Rise - Congoo

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U.K. Mortgage Payments Rise

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Wall Street Journal Online | July 04, 2009

LONDON -- U.K. homeowners paid down mortgage debt in the first quarter at the fastest rate in a year, shrinking the pool of money available for retail spending, the Bank of England said Friday. The bank estimated that mortgage holders paid off 8.1 billion ($13.28 billion) in the quarter, compared to...

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