UK mortgage approvals for October came in at 65.0K, slightly missing the previous month's 65.9K figure. Market forecasts had anticipated 64.5K approvals, so the actual number landed just above expectations. This minor dip reflects continued caution in the British housing market as higher borrowing costs keep potential buyers on the sidelines.

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CounterIndicator

· 12-02 21:29

The number of mortgage approvals in the UK in October was 65K, slightly lower than September's 65.9K, but it still beat the market expectation of 64.5K, so it's actually a bit of a surprise? But to be honest, this number just looks like it's falling; in an environment of high borrowing costs, homebuyers are indeed becoming more cautious.

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GateUser-00be86fc

· 12-01 10:00

The UK mortgage approvals have fallen again, but are still barely above expectations... In other words, borrowing money has become expensive, and no one dares to buy a house.

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RamenDeFiSurvivor