Mortgage Approvals at 7-Month High

mortgage

Mortgage approvals are now at the highest rate since March according to the Bank of England. The latest figures show 67,518 home loans were given the go-ahead in October, up from 63,594 in September and the highest number since March. How are the FT reporting the good news?

“The number of mortgages approved in October remained steady despite post Brexit-vote concerns about the strength of the UK economy.”

And what about Bloomberg?

“The pound rose amid mounting evidence the U.K. economy is weathering the fallout from Brexit better than analysts expected. Sterling climbed for the first time in three days against the euro as a report showed mortgage approvals reached the highest since March last month, indicating the housing market remains robust following the June vote to leave the European Union.”

Brexit Britain’s economy – safe as houses.




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