The depressed state of the housing market,
very tight credit conditions in the mortgage market, mortgage rates rising an average of 35 bps all weighed.
Russia's current significant cyclical headwinds resulted from
very tight credit conditions, softened business confidence and other spillovers from intensified geopolitical tension, they said.
Not exact matches
Still, given the consumer's heightened sensitivity to
tighter credit conditions in this cycle, we expect the Bank to take a
very cautious approach towards raising the target overnight rate.
Mortgage
credit conditions are going to stay right where they are, and that's
very tight.
NAR President Ron Phipps, broker - president of Phipps Realty in Warwick, R.I., said buyers are responding to
very good affordability
conditions despite
tight mortgage
credit.