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Free AccessMortgage Approvals Up In November After Low.>
UK DATA: Mortgage Approvals Up In November After October Low
--BOE: UK Nov House Purchase Approvals 65,139 vs 64,887 Oct
--BOE: UK Nov Net Consumer Credit stg1.400bn vs stg1.362bn Oct
--BOE: UK Nov Net Mortgage Lending stg3.499bn vs stg3.348bn Oct
--BOE: UK Nov M4 Ex-intermediate OFCS +0.5% m/m; +3.4% 3m Annualised
--BOE: UK Nov Effective Interest Rate On New Secured Loans Up To 1.99%
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New mortgage approvals rose to 65,139 in November from 64,887 in
October but below the previous 6m average of 66,562. The rise in
approvals in Nov followed three successive falls and October's outturn
which was the lowest since Sep 16. Secured lending growth also nudged
up, coming in at stg3.499 and below its 6m trend of stg3.7bn. Elsewhere,
it was a similar story with the take up of unsecured credit which also
rose moderately. Effective interest rates on secured new business rose
to 1.99% in Nov, the highest since August.
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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.