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Mortgage approvals rose July
HAMISH_MCTAVISH
Posts: 28,592 Forumite
Mortgage approvals numbered 48,722 in July, up from an upwardly revised 48,562 in June. Analysts had forecast a reading of 46,500.
http://www.telegraph.co.uk/finance/economics/7972742/UK-mortgage-approval-rise-but-total-lending-weakest-since-March.html
http://www.telegraph.co.uk/finance/economics/7972742/UK-mortgage-approval-rise-but-total-lending-weakest-since-March.html
“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
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Comments
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Cheers for the info, could you provide a reference to who you are quoting this from please?
Edit:
Just had a quick look on the BBC News website.
http://www.bbc.co.uk/news/business-11069911
There were 33,698 mortgages approved for house purchases in July, down by 877 from the previous month, said the British Bankers' Association (BBA).0 -
Cheers for the info, could you provide a reference to who you are quoting this from please?
Edit:
Just had a quick look on the BBC News website.
http://www.bbc.co.uk/news/business-11069911
There were 33,698 mortgages approved for house purchases in July, down by 877 from the previous month, said the British Bankers' Association (BBA).
That is not the quote look at.
http://www.forexfactory.com/0 -
http://www.bloomberg.com/news/2010-08-31/surprise-increase-in-mortgage-approvals-suggests-housing-market-less-weak.html
Cheers Really2. So many conflicting reports, it does get confusing lol.0 -
Cheers for the info, could you provide a reference to who you are quoting this from please?
Edit:
Just had a quick look on the BBC News website.
http://www.bbc.co.uk/news/business-11069911
There were 33,698 mortgages approved for house purchases in July, down by 877 from the previous month, said the British Bankers' Association (BBA).
Now edited with source.
And the BBA figs are only partial market numbers, and only estimates. In this case, the full results were much better than forecast.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
http://www.bloomberg.com/news/2010-08-31/surprise-increase-in-mortgage-approvals-suggests-housing-market-less-weak.html
Cheers Really2. So many conflicting reports, it does get confusing lol.
They're not conflicting.
BBA is only the 6 major banks. It's only a partial figure.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
It used to be 100,000 approvals per month. The market's dead. Sensible people are waiting for the inevitable further price falls before committing.0
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HAMISH_MCTAVISH wrote: »Mortgage approvals numbered 48,722 in July, up from an upwardly revised 48,562 in June. Analysts had forecast a reading of 46,500.
http://www.telegraph.co.uk/finance/economics/7972742/UK-mortgage-approval-rise-but-total-lending-weakest-since-March.html
The 160 extra approvals makes sense.
31 days in July. Only 30 in June
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Excellent news.
Cheaper houses have enabled more people to buy, hence the increase in approvals."The problem with quotes on the internet is that you never know whether they are genuine or not" -
Albert Einstein0 -
Graham_Devon wrote: »The 160 extra approvals makes sense.
31 days in July. Only 30 in June
Ah! but they were predicted to have fallen
'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 Thatcher0 -
Doctor_Gloom wrote: »It used to be 100,000 approvals per month. The market's dead. Sensible people are waiting for the inevitable further price falls before committing.
You're in quite a desperate frenzy today.
Sensible people? You know what sensible people do? How?
You're someone who strikes me as not having a great deal of comprehension about "sensible people"..... IMO.
HTH.0
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