Mortgage approvals increased in April, latest data shows

e.surv | May 16, 2019

There was a sharp increase in mortgage approvals in April as home owners continued to take advantage of low mortgage rates across much of the market, the latest data shows. There were 65,781 mortgages approved during April 2019, up 2.7% compared to the same month in 2018, according to the mortgage monitor from residential chartered surveyors e.surv. The report points out that while new activity in the wider housing market remains stagnant in many areas of the country, existing home owners are capitalising on a battle between High Street banks and other lenders which has seen interest rates fall so far this year.

Spotlight

In this week's video, John Chang discusses the three main factors causing investors to feel uncertain about the market!

Marcus & Millichap's research services division takes great pride in providing industry-leading research, and hope you find value in the insights we share as you shape your commercial real estate investment strategy. As always, please contact our team if we can be of service in providing you with market information, access to inventory, transaction execution and financing.

Spotlight

In this week's video, John Chang discusses the three main factors causing investors to feel uncertain about the market!

Marcus & Millichap's research services division takes great pride in providing industry-leading research, and hope you find value in the insights we share as you shape your commercial real estate investment strategy. As always, please contact our team if we can be of service in providing you with market information, access to inventory, transaction execution and financing.

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