Saturday, 10 July 2010
UK Mortgage Rates and Mortgage Approvals – July 2010 Update
The second chart shows mortgage approvals. Non-seasonally adjusted rates rise month on month by 0.6% to 53,960 for May 2010 however as the chart shows this is a very noisy and erratic data set. Year on year figure also shows a rise of 3.0%. Seasonally adjusted figures show mortgage approvals flat month on month at 49,815 (fell by a tiny 13 approvals) for May 2010. Year on year figures show a rise from 46,571 or 7%. This is still well below the long term average of 91,084.
As always do your own research.