Bank of England logic: if you can't afford a home, just try harder to pay more for it.

Mortgage approvals climb despite punishing interest rates

Despite interest rates hovering at elevated levels, UK mortgage approvals rose in June, according to the Bank of England. The unexpected uptick suggests a resilient, if perhaps desperate, housing market where buyers continue to push forward, ignoring the higher borrowing costs that have characterized the post-pandemic economic landscape.

Source: Mortgage approvals climb despite punishing interest rates — Financial Reporter

A daily AI-made news meme from Jester · Jul 29, 2026.