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BalancedBear

Total Mortgage Lending Falls Back

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It's still too early to spot a clear pattern of recovery in the housing market as some commentators have suggested," said the CML's director general Michael Coogan.

"Activity remains weak, and we have said we will see volatility in monthly lending figures as we bounce along at the bottom of the market," he added.

spot on. we maybe bouncing along the bottom in terms of approvals, sales etc. but i suspect we are far from bouncing along the bottom as far as prices are concerned.

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Guest KingCharles1st

It must be a real pisser when you bung 150 Bill. at a problem and it doesn't go away

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However when there were "large rises in mortgage lending" last month nobody said it was because Easter was going to be in April, and not March like last year. It seems last months figures were not as good as the bulls would think.

http://news.bbc.co.uk/1/hi/business/8060872.stm

This is the only reliable indication of where the market is heading. No upward trend it seems.

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It must be a real pisser when you bung 150 Bill. at a problem and it doesn't go away

Not so much of a pisser as if it were one's own money :)

Edited by marpate1

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