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Wed 10 Oct 2009Cost of mortgages drops by 50%
The cost of a mortgage for first time buyers will have dropped by 50 per cent by December, compared to three years ago, according to a new forecast.
The quarterly EBS / DKM Affordability Index predicts that the cost of a mortgage for the average first time buyer working couple will fall to 13 per cent of their net income by December.
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