Tuesday, Feb 20, 2007
The end of high prices?? hhmmm
reuters: Lending growth boosts case for rate rise
LONDON (Reuters) - Mortgage lending rose strongly again, building society mortgage approvals hit a record high and money supply growth picked up in January, bolstering the case for higher interest rates this year.
Interest rate and gilt futures extended losses after the data on Tuesday which suggest three rate rises since August have not yet affected the housing market significantly, while signs of excess cash in the system may fuel fears of higher inflation.
Posted by it will happen @ 03:12 PM (158 views) Add Comment
1 Comment
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1. Davros said...
Before David2004 and GloriousSunshine start telling everyone that this is another indication that houseprices can only go up, can I just pose the question to them :
If the houseprice to earnings to ratio (currently the frightening 6:1) in 25 years time, what has happened?