Article 6DDME UK mortgage approvals jump unexpectedly; eurozone returns to growth as inflation falls – as it happened

UK mortgage approvals jump unexpectedly; eurozone returns to growth as inflation falls – as it happened

by
Graeme Wearden
from Economics | The Guardian on (#6DDME)

UK mortgage approvals rise to eight-month high in June, while eurozone GDP rises after narrowly avoiding winter recession


Newsflash: UK mortgage approvals rose unexpectedly last month, despite borrowers being hit by rising interest rates.

New data from the Bank of England shows that net mortgage approvals for house purchases rose to 54,700 in June, up from 51,100 in May. Economists had expected a fall to around 49,000.

The average 2-year fixed residential mortgage rate today is 6.81%. This is unchanged from the previous working day.

The average 5-year fixed residential mortgage rate today is 6.34%. This is unchanged from the previous working day.

Continue reading...
External Content
Source RSS or Atom Feed
Feed Location http://feeds.theguardian.com/theguardian/business/economics/rss
Feed Title Economics | The Guardian
Feed Link https://www.theguardian.com/business/economics
Feed Copyright Guardian News & Media Limited or its affiliated companies. All rights reserved. 2025
Reply 0 comments