Monday, April 23, 2007

Market starting to slow

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 (507 views)
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One thought on “Market starting to slow

  • 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’.

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