INSIGHT
August approvals declined as newly drawn mortgage rates rose and borrowing and living-cost pressures weighed on demand
Key context
Mortgage approvals for house purchases fell to 54,900 in August, their lowest level since December 2023, while newly drawn mortgage rates rose to 4.6%. The figures are consistent with affordability pressures weighing on housing demand, but the supplied evidence does not prove that any single factor caused the decline.
- Section
- Economy & Business
- Format
- INSIGHT
- Published
- Sep 29, 2026, 11:22 AM
