-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Chart Packs -
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI: BOE Aug Mortgage Approvals Highest Since Jan>
-BOE UK Aug house purchase approvals 66,440 vs 65,156 Jul
LONDON (MNI) - Mortgage approvals in August hit their
highest level since January, with average interest rates on mortgages
having risen only marginally since the Bank of England Monetary Policy
Committee started tightening.
Mortgage approvals rose to 66,440 in August, up from 65,156 in
July, the highest outturn since the 67,275 seen in the first month of
this year. The MPC first raised Bank Rate from 0.25% to 0.50% last
November and then again to 0.75% this August, but mortgagees have seen
little of the increase, supporting demand for new borrowing.
The BOE's quoted rates data, showing 'shop window' mortgage
interest rates, revealed that the average rate on a two year 75%
loan-to-value (LTV) mortgage was 1.75%, up 2 basis points on the month
and the highest since June 2016.
This average rate, however, was only 14 basis points higher than
when the MPC first hiked Bank Rate. On a 75% LTV three year fix, the
average interest rate was again only 14 basis points higher than last
November.
The change in mortgage lending in August was a rise of stg2.904
billion, down from a rise of stg2.970 billion in July.
Unsecured borrowing, net consumer credit, in August rose by
stg1.118 billion, up from stg0.838 billion in July.
-London newsroom: e-mail: david.robinson@marketnews.com
[TOPICS: M$B$$$,M$$BE$,MABDS$]
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.