Realistbear Posted May 4, 2011 Share Posted May 4, 2011 (edited) http://uk.finance.yahoo.com/news/March-mortgage-approvals-reuters_molt-341321134.html?x=0 March mortgage approvals slightly lower than forecast 9:32, Wednesday 4 May 2011 LONDON (Reuters) - Net (Berlin: NETK.BE - news) mortgage and consumer lending was weaker than expected in March, despite a rise in mortgage approvals to their highest since November (Berlin: NBXB.BE - news) last year, Bank of England figures showed on Wednesday. Edited May 4, 2011 by Realistbear Quote Link to comment Share on other sites More sharing options...
exiges Posted May 4, 2011 Share Posted May 4, 2011 (edited) Mortgage approvals for house purchase rose to 47,557 in March from 46,708 in February, its highest level since November but just below forecasts for a reading of 48,000. But isn't March a busy month compared to February (and the Christmas months) anyway ? How does it compare to last March (a more relevant figure) Edited May 4, 2011 by exiges Quote Link to comment Share on other sites More sharing options...
Pent Up Posted May 4, 2011 Share Posted May 4, 2011 But isn't March a busy month compared to February (and the Christmas months) anyway ? How does it compare to last March (a more relevant figure) March 2010 was 48,901. http://www.bankofengland.co.uk/statistics/li/2010/mar/tableB.xls Quote Link to comment Share on other sites More sharing options...
rantnrave Posted May 4, 2011 Share Posted May 4, 2011 (edited) TBH, this minor dip in YoY mortgage approvals and today's Nationwide fall in prices of -0.2% look more like furniture rearranging than signs of an accelerating crash Edited May 4, 2011 by rantnrave Quote Link to comment Share on other sites More sharing options...
Peter Hun Posted May 4, 2011 Share Posted May 4, 2011 TBH, this minor dip in YoY mortgage approvals and today's Nationwide fall in prices of -0.2% look more like furniture rearranging than signs of an accelerating crash Its an erosion of confidence. Until people have the idea that you can't lose money on "Bricks & M" erased, prices will stay high. You have to have patience, its going to take 8-10years to the bottom of the market. Quote Link to comment Share on other sites More sharing options...
exiges Posted May 4, 2011 Share Posted May 4, 2011 (edited) Its an erosion of confidence. Except, it's being reported as "static" (prices) and "rises" (mortgage approvals) Edited May 4, 2011 by exiges Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.