Mortgage lending fell by 14% in April
Gross mortgage lending fell by 14% in April, figures from the Council of Mortgages Lenders have shown, exacerbated by the royal wedding and extra bank holidays.
Mortgage application volume fell 14 percent during the week ending July 25, the Mortgage Bankers Association said Wednesday, even as interest rates on fixed-rate mortgages retreated from sharp increases a week earlier.