Money Market Guru — UK Mortgage Approvals At 3-Month Low In February — UK mortgage approvals for house purchases fell to 42,613 in February from 44,142 in January, British Bankers Association said Friday. This was the lowest since November. The expected level for February was 44,900.
Gross mortgage borrowing of GBP 13.4 billion in February was 4.6 percent higher than in the same month last year. At the same time, net mortgage borrowing grew 2.5 percent from prior year. — Money Market Guru — Pia