Saturday, Sep 20, 2008
Prices will continue to fall - but we all know that anyway
FT: Lenders likely to lift fixed rates in next few days
"Recent cuts in mortgage rates have come abruptly to a halt as the banking crisis has brought renewed fear to the financial markets."
Posted by letthemfall @ 10:53 AM (287 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. paul said...
And of course, this has nothing to do with what the base rate is doing.
It is a sorry, sickening day for the Bank of England and the Monetary Policy Committee. They lost control of the price of credit because they underpriced the risk for too long.
The MPC should, by all rights, be dispatched of their duty. They failed abysmally.