Wednesday, February 28, 2007

Interest rate hikes have started to dampen the housing market

Interest rate hikes have started to dampen the housing market

Nationwide Building Society, a major provider of mortgages in the United Kingdom, has claimed that the three interest rate hikes in five months have started to dampen the house price growth in the country. According to Nationwide, negative indicators emerging in the market, point to an impending decline in the house prices, which grew by 0.7 per cent in February compared to 0.3 per cent in January.

Posted by matt @ 04:45 PM (471 views)
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