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In May, the number of approved mortgage loans in the UK reached a 4-month high of 39 thousand 244 loans, according to the data of the British financial reports. The finversia.ru project writes that the May value became the highest since January and exceeded the analysts' forecasts who had expected the level of 38 thousand 250 loans. Last month, gross mortgage lending of the entire British market increased by 8.8% in annual terms. The cost of credit cards grew by 2.3%, personal deposits - by 1.6%. According to Eric Landers, managing director of personal finance at UK Finance, the increase in the number of approved mortgage loans in May was due to a significant rise in remarketing. A large number of urgent mortgage loans came to an end, and homeowners took advantage of the competitive market for attractive deals.
The reimplementation of virus-related lockdowns in some states dragged the U.S. economic outlook in the past month, according to economists in a Reuters poll who also warned that the monitored rebound in employment may reverse by the end of ...
Backed by record-low mortgage rates, U.S. home sales reached its strongest record in June. However, the outlook for the housing market remained murky as low inventory and high unemployment rate pressed amid the virus crisis. Existing home ...
Japan's industrial output is expected to recover in June from a double-digit decline in May amid hopes that factory activity may have reached its lowest due to the coronavirus pandemic, according to a Reuters’ poll of 13 economists. While ...
The euro reached its highest level since early March after the European Union agreed on a deal for a massive stimulus package to support the bloc’s economy from the coronavirus pandemic. The deal was finalized after a round of compromises ...
The euro steadied at four-month highs on the dollar after investors pinned hopes on the EU economic rescue fund as European leaders are expected to break a deadlock and agree on a deal. EU leaders had differing stands on the proposed 750 billion ...
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