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Realistbear

March Mortgage Approvals Slightly Lower Than Forecast

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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 by Realistbear

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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 by exiges

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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 by rantnrave

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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.

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Its an erosion of confidence.

Except, it's being reported as "static" (prices) and "rises" (mortgage approvals)

Edited by exiges

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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