Friday, Feb 29, 2008
Mortgage approvals Jan 2008 represent a 40% decline compared with January 2007
Citywire: Mortgage lending at same level as 1995, Bank of England says
Mortgage lending picked up by 2.7% in January but the number of approvals is at the same level as September 1995, according to the Bank of England. Approvals for house purchase mortgages rose to 74,000 in January from 72,000 in December, but are still close to historic lows of 71,000 approvals in May 1995. The 74,000 approvals granted to home buyers during the month still remains close to historic lows and represents a 40% decline compared with January a year ago,
Posted by jack c @ 01:23 PM (230 views) Add Comment
1 Comment
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1. Short Memories said...
This is the most important statistic at this present time.