Wednesday, Feb 28, 2007
IR rises effecting buyers, says Nationwide
BBC News: Housing demand 'starting to wane'
Nationwide sees the house market cooling off, despite an increase in the annual rate of house price inflation. The UK's third largest mortgage lender pointed towards a drop in the number of new mortgage approvals and enquiries at estate agents as possible indicators of a dip. This could be attributed to recent increase in the BoE's inflation base rate.
Posted by jellycaster @ 10:39 AM (32 views) Add Comment
6 Comments
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1. Bidingmytime said...
A little early for these comments....I would have expected them at least to wait a few more days
2. Sam said...
please don't increase rates!, please don't increase rates!, please don't increase rates!.
3. bidin'matime said...
Those who like to knock the Beeb (and don't we all..) might like to compare this headline with the Guardian one on the same subject, posted a little earlier.
4. larry pickleman said...
What's with the " This could be attributed to recent increase in the BoE's inflation base rate" line though??...Change comes from many angles!!
5. Mr Cobblepot said...
Oh, that old chestnut, doing its usual rounds in the last few days preceeding the MPC rate meeting. No doubt a few days after the meeting, the lead story will be "HPI increase higher than previously thought", I cant believe the people in this country who swallow these cock and bull stories.
6. Davros said...
Do the Nationwide know something we don't? It's not like a mortgage lender to start putting a dampner on the future of the housing market.