Euro region mortgage lending rebounds as ECB starts to cut rates

FRANKFURT, 9th September, 2024 (WAM) -- Mortgage lending by Europe's banks continued a rebound in July as falling interest rates support home buying, Bloomberg reported Monday.

Euro area banks handed out 71 billion (US$78.5 billion) in loans for house purchases by consumers in July, the highest level since August 2022, the latest data from the European Central Bank showed.

The rebound is good news for Eur