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Monday, 30 March 2009

Mortgage Approvals Rose in February

Mortgage approvals for house purchase rose in February with 38,000 approvals, up from 32,000. The figures suggest that low interest rates and falling house prices may be encouraging people back into the market.

Despite this larger than expected increase, mortgage lending has a long way to go to recover to previous levels that we saw prior tothe credit crunch and recession.

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