February’s money and credit figures show the dip in mortgage rates at the start of the year boosted mortgage approvals to a 17-month high. This is unlikely to continue in the near term. But if we’re right in thinking that interest rates are cut in the summer (perhaps in June) and faster than most expect, mortgage lending will strengthen further towards the end of the year.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services