Monday, Apr 23, 2007
Market starting to slow
The Times: Cooling market not enough to stem rate rises
Signs emerged this morning that the housing market is coming off the boil, though not to levels likely to sway the Bank of England from an expected interest rate rise next month.
Suggesting that three rate rises since August are finally beginning to bite, seasonally adjusted mortgage approvals fell to a five-month low of £4.8 billion in March from £5.4 billion in February, the Building Societies Association said.
Posted by cash_buyer @ 09:58 PM (142 views) Add Comment
1 Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. Shipbuilder said...
No amount of pre-MPC meeting 'cooling market' stories will stop rises now. Perhaps the media should start reporting that money supply is 'softening' or that price rises in China are coming 'off the boil'. Perhaps oil prices are being 'dampened'.