Rush to remortgage but no property revival | This is Money
Homeowners are staging a mini-rush to remortgage on fears that interest rates will rise, but the property market remains stuck in the doldrums, official figures show.
Remortgage approvals rose by 5% in February to hit a 26-month high, according to Bank of England figures, and stand up 35% on a year ago.
Mortgage approvals for home purchases remained steady in February, compared to the previous month but have failed to rise annually.
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