Mortgage approvals inch up yet gains to be 'retracted'

Mortgage affordability improves as median payment slips to $2,191

Homebuyer affordability improved slightly in June as the national median payment on new purchase mortgage applications fell to $2,191, down from $2,198 in May, according to the Mortgage Bankers Association (MBA)’s Purchase Applications Payment Index (PAPA). The index tracks how new monthly mortgage payments change over time relative to household income using MBA’s Weekly Applications Survey. MBA reported that the national PAPI declined 0.3% to a…

Mortgage approvals inch up yet gains to be 'retracted'

Mortgage approvals rose slightly in June, according to Bank of England data, yet growing fears of a rise in interest rates could set the property market back again. Net mortgage approvals climbed by around three per cent, from 56,565 in May to 58,200 in June.  That remained below the six-month average of around 61,400, and well short of April’s recent high of 65,900. Net mortgage borrowing by individuals rose to £7.7bn in June, the highest since…

Mortgage approvals recovered in June but caution remains

Buyer demand could be set to rise after a boost in mortgage approvals, Bank of England data suggests.

Mortgage approvals rise in June but remain below average

Mortgage approvals for house purchases increased to 58,200 in June 2026, up from 56,565 in May, according to Bank of England data. However, the figure remains below the six-month average of approximately 61,435, indicating continued caution in the housing market. The post Mortgage approvals rise in June but remain below average appeared first on PropertyWire.

Increase in mortgage debt 'doesn't indicate underlying demand'

Increase in mortgage debt 'doesn't indicate underlying demand': Bank of England figures reveal net borrowing of mortgage debt by individuals increased to £7.7 billion in June, from £3.3 billion in May, above the previou

Property industry reacts to latest BoE Money and Credit report

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