UK July mortgage approvals 49.44k vs 51.00k expected

<ul><li>Prior 54.66k; revised to 54.61k</li></ul><p>Mortgage approvals fall further in the UK in July and that's another sign that higher rates are weighing on housing market conditions. Meanwhile, net borrowing of consumer credit by individuals fell to £1.2 billion in July, down from £1.6 billion in June with the annual growth rate slipping to 7.3% from 7.5% previously.</p>

This article was written by Justin Low at www.forexlive.com.