Economic Buzz: UK Mortgage Approvals Increase In April

UK mortgage approvals rose in April after falling in March, data from UK Finance showed Friday. The number of loans approved for house purchases increased to 38,049 in April from 37,606 in March. Gross mortgage lending grew 13.3 percent annually to GBP 20.4 billion in April. At the same time, card spending increased 9.8 percent and personal deposits rose 1.4 percent.