Wednesday, May 4, 2011
There fighting back lads!
New mortgage approvals rose to their highest levels in five months in March, according to new data from the Bank of England, while consumer credit continues to be sluggish. The number of mortgages approved for house purchases rose to 47,557, higher than the 46,283 average in the previous six months . The slight pick up in mortgage lending comes as a closely-watched survey showed house prices slipped back. WOW! an extra 1,274 mortgages per 23.6 million households. Now that is a slight pick-up.