Mortgage Lending Up in April
Mortgage lending was up by 16% in April compared with March. Although this figure is down 28% on April 08, experts say it points to a sign of a spring bounce in the housing market and provides more evidence that the bottom of the market may have been reached.48% of mortgages taken out in April were on fixed rate deals, with an average rate of 4.83%, the lowest since Jan 04.
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