Monday, October 23, 2006
80% of borrowers opt for fixed rates. Cheaper mortgages mean more home buyers keeping confidence in the market high
More buyers and competitive fixed rate mortgages continue to propel housing market - propertyfinder.com
A large new wave of homebuyers shrugged off the August interest rate increase and entered the home buying market in September and October. According to Propertyfinder's October survey 56% of home buyers had been searching for a month or less - up 8% from 48% in July.