Not interesting - the 8.66 point month-on-month drop in the number of new mortgages. The average November to December change for series is negative 9.02 points. The 12-month average of the number remains flat at October and November levels.Yes interesting - the 6.16 point jump in average amount loaned. That's the second highest for any two-month pair in the series as well as an extension to five months of the current uptrend. Comparing only November and December since 2003, the average change is 0.84 points, approximately equal to the norm for all monthly changes.
Readers should note that this is not a commentary on home sales (go here for that), but is possibly an indication of credit conditions.
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