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September sees 14% increase in mortgage applications

11 October 2010 | By Natalie Thomas

 

New mortgage applications for house purchase are at their highest level since February 2008, according to the latest figures from the Mortgage Advice Bureau/Coreco National Mortgage Index.

 

Following the expected summer lull in mortgage activity in August, purchase mortgage applications jumped 14% in September, with remortgage applications jumping by 14.3% in September compared to the previous month.

 

Although housing market activity traditionally picks up in September, purchase mortgage applications are still up almost a third, 31.2%, on September 2009.

 

/see: http://www.mortgagestrategy.co.uk/distribu...1019976.article

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September sees 14% increase in mortgage applications

11 October 2010 | By Natalie Thomas

 

New mortgage applications for house purchase are at their highest level since February 2008, according to the latest figures from the Mortgage Advice Bureau/Coreco National Mortgage Index.

 

Following the expected summer lull in mortgage activity in August, purchase mortgage applications jumped 14% in September, with remortgage applications jumping by 14.3% in September compared to the previous month.

 

Although housing market activity traditionally picks up in September, purchase mortgage applications are still up almost a third, 31.2%, on September 2009.

 

/see: http://www.mortgagestrategy.co.uk/distribu...1019976.article

 

Wow; that's bullish, whichever way you look at it, and even from the lows.

 

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Wow; that's bullish, whichever way you look at it, and even from the lows.

It seems so.

 

Let's see if it can generate a bounce in BDEV : chart

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