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UK mortgage approvals were slightly lower than expected in March, according to numbers from the Bank of England on Thursday. Mortgage approvals totalled 64,300 in March, down from around 65,100 in February and below the FXStreet cited consensus of 64,800. Approvals for remortgaging, in contrast, increased by 1,000 to 33,400 in March. The ’effective’ interest rate, the actual interest paid on newly drawn mortgages, decreased by 3 basis points to 4.50% in March from 4.53% in February. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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