Monday, September 4, 2006
Nationwide talk it up again
Fionnuala Earley said: "While we expect base rates to reach 5% by the end of the year - above the peak of the last rising cycle - we do not expect the market to slow as sharply as before." "There are three main reasons for this. First, current macroeconomic conditions suggest fewer increases in base rates; secondly, fixed mortgage rates have moved more gradually, and thirdly, demand, particularly from the investment sector, is likely to remain fairly supportive." Wrong, wrong and wrong again?