Rat and Mouse
Thu
27
May
Yesterday's mortgage figures: one dataset: two views

According to Reuters:

The number of mortgage approvals for UK house purchases rose an annual 15.5 percent in April to the highest level this year, industry data showed on Wednesday.

But according to Metro:

Mortgage lending hits nine-year low.

The difference? New lending and net lending. Either way, the numbers remain historically low, and recent attention on the Libor rates don't bode well.

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