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British Bankers' Association (BBA) Mortgage Approvals

 

Definition: British Bankers' Association (BBA) Mortgage Approvals measure the number of home loans (mortgages) approved by the BBA during the previous month.

 

 

Additional Info: Traditionally, a rising trend indicates strong consumer confidence because large purchases are usually made when consumers feel confident in their financial situation. Home loans are a major contributing factor to consumer spending, which drives the overall economy. Positive BBA Mortgage Approvals data can strengthen a nation’s currency and stocks within the housing sector.

Related Terms: Mortgage Approvals - Nationwide House Prices - Home Loans - Consumer Spending - Consumer Confidence

 

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