Free Trial

Impulsive Rally Extends


Late Eurodollar/SOFR/Treasury Option Roundup


Price Is Below The 50-Day EMA


Late Corporate Credit Update

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 Access
--July Mortgage Approvals 39,584 vs 40,330 June: UK Finance
By Jamie Satchi
     LONDON (MNI) - Mortgage approvals dipped in July, snapping a three-month
winning streak, UK Finance said Friday.
     The data, a good indicator of future purchases, added to evidence of weak
housing market activity.
     The 39,584 approvals were down from 40,330 in June, in seasonally-adjusted
terms. While above the 12-month average of 39,343, July's figure was below the
long-run average of 51,260.
     In year-on-year terms, approvals slipped 4.3%, the tenth consecutive y/y
decline -- the longest stretch since March 2013.
     Remortgage approvals dropped to 26,757, a 13-month low, from 28,840 in June
and below the 12-month average of 29,402.
     In value terms, remortgage approvals as a share of total secured lending on
dwellings fell to 38% in July, having held steady at 40% for the previous six
     The net increase in mortgage amounts outstanding in July was GBP1.720
billion, the joint-lowest since February, but this followed a six-month high of
GBP2.212bn in June.
--MNI London Bureau; +44 203-586-2226; email:
--MNI London Bureau; +44 207-862-7489; email:
--MNI London Bureau; +44208-865-3829; email:
[TOPICS: MABDS$,M$B$$$,M$E$$$]

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.