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Mortgage approvals drop sharply

2

Comments

  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    Really2 wrote: »
    I personally would have thought Jan would have been a hell of a lot lower considering.

    But the forecast was for 49K, so 802 mortgages below forecast in neither here or there really graham.
    only 802 mortgages less in the whole of the UK in January...

    and that huge number of 802 requires a headline of Mortgage Approvals drop Sharply :T
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Swings and roundabouts.

    Despite the fall in sterling, many economists put at least as much weight on the upbeat consumer and mortgage lending figures as the decline in mortgage approvals.
    "It's sort of six of one and half a dozen of the other. The increase in overall credit and mortgage lending is encouraging to some extent," said Marc Ostwald, fixed income strategist at Monument Securities

    http://uk.finance.yahoo.com/news/mortgage-approvals-worse-than-expected-reuters_molt-16ca6e3c9419.html?x=0
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    chucky wrote: »
    only 802 mortgages less in the whole of the UK in January...

    and that huge number of 802 requires a headline of Mortgage Approvals drop Sharply :T

    It's the BBC's headline. Not mine.

    http://news.bbc.co.uk/1/hi/business/8542764.stm
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Graham_Devon wrote: »
    It's the BBC's headline. Not mine.

    http://news.bbc.co.uk/1/hi/business/8542764.stm

    That could look a bit strange when the BBC change the headline icon7.gif
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    edited 1 March 2010 at 12:16PM
    Graham_Devon wrote: »
    It's the BBC's headline. Not mine.

    http://news.bbc.co.uk/1/hi/business/8542764.stm
    and this come from the BBC who have such a VI and spin over everything in the housing market... only 802 less mortgage approvals and they use the headline of Mortgage Approvals drop Sharply. a tad dramatic

    remember not to aim at your foot when you use your pistol next time :)
  • westv
    westv Posts: 6,599 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Where's the 800 figure come from? The BBC says a 17% fall since last month.
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    westv wrote: »
    Where's the 800 figure come from? The BBC says a 17% fall since last month.

    The 802 is under forecast, not the drop. So the drops was virtually as predicted by the market.
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    chucky wrote: »
    remember not to aim at your foot when you use your pistol next time :)

    What?

    I'm not sure what your gripe is now chucky?
  • westv
    westv Posts: 6,599 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Really2 wrote: »
    The 802 is under forecast, not the drop. So the drops was virtually as predicted by the market.

    Well I couldn't see any forecast figures in the report. I guess it was either in one of the other links or my glases need changing. :o

    Re the forecast - can I take it that the market was predicting a slowdown this Feb or that the market always expects a slowdown in Feb?
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    Graham_Devon wrote: »
    What?

    I'm not sure what your gripe is now chucky?
    gripe?? where, who, when?
    chill, breathe, then chill again

    BBC News are rampers and full of VI
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