Source: ForexYard
An early report on housing loans in the UK was released this morning, revealing a mild sluggishness in the number of loans approved for home purchases. The data has been mulling about in mildly bullish territory for the past two months, making this month’s dip a decent counter to the increase in consumer spending which we are seeing ahead of the holidays.
The Mortgage Approval figure does tend to carry a significant impact on housing, moreover. The number of loans approved for home purchases indicates the level of house price increases and demand for housing across Great Britain which ties into the strength of capital markets.
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