Mortgage & Housing Round Up: House prices rise, but mortgage approvals fall

Housing & mortgage round up_istockphotoAn interesting week for housing and mortgage news. We start with the Bank of England’s interest rate announcement, which brought no surprises and then move on to the latest house price figures from the Halifax and some confusing mortgage approvals data. Bank Base Rate on hold Unsurprisingly the Bank of England’s Monetary Policy Committee (MPC) decided to leave base rate on hold at 0.50% for yet another month. With the new Governor, Mark Carney, due to take up his position in July, it appears that the MPC is in ...