Monday, February 1, 2010
Good news at last!
The number of mortgages approved for people buying a home dipped during December, figures showed today. A seasonal dip in numbers saw a total of 59,023 loans approvals for house purchases during the month, down from 60,045 in November. There was also a fall in new mortgage lending. The decline in the number of mortgage approvals for house purchase follows 12 consecutive months of upward movement. Economists said the fall suggested the rapid rise in housing market activity, seen as prices recovered, may now be beginning to slow