Thursday, Mar 29, 2007
It's all looking good for my savings!
Reuters: Mortgage, sales jump boost chance of rate rise
A surge in retail sales and an unexpectedly big rise in mortgage lending suggest three interest rate hikes since August have failed to curb consumer spending and make another rise look all the more imminent.
Posted by tyrellcorporation @ 09:49 PM (189 views) Add Comment
4 Comments
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1. paul said...
You've got to feel sorry for the VIs. Advertise higher market prices, get another rate hike. Advertise slumping prices, buyers flee.
2. Malcolm said...
Yes, looks good for savings - as long as your bank does not go bankrupt !
3. James said...
The jump in mortgage approvals also makes more house price rises imminent!
4. Scott said...
I will be a first time buyer in the UK when prices have crashed in a couple of years. Be patient. Time is on our side. The more they delay it, the bigger the drop. The only way it will continue is if people are allowed to borrow even more. Multiples of 7 or 8 for instance. But then this will cause an ever bigger drop 2 years after.