Thursday, April 26, 2007

Please don’t raise them too much..please…

House prices rise by 0.9% in April to £180,314 making interest rate rises a 'done deal' - Nationwide

Commenting on the figures Fionnuala Earley, Nationwide's Chief Economist, said: While a stable economic environment with contained inflation is essential for a well behaved housing market, we would caution against too sharp an interest rate response to current economic data. In our view, the talk of rates climbing to 6% and beyond are overblown and if implemented in the current climate could be damaging to housing market stability. With the market already showing signs of cooling, too sharp a rate hike could undermine market confidence and dry demand up swiftly. But on top of this, they could also lead to widespread payment difficulties which, in an illiquid market, could precipitate price falls."

Posted by converted lurker @ 09:34 AM (521 views)
Please complete the required fields.



2 thoughts on “Please don’t raise them too much..please…

  • Planetmervyn says:

    Commenting on the figures Fionnuala Earley, Nationwide’s Chief Economist, said: ‘In our view, the talk of rates climbing to 6% and beyond are overblown…’

    In my view, the only thing overblown is the name Fionnuala…

    Reply
    Please complete the required fields.



  • Fellamee Lad says:

    What could the Nationwide hope to gain from adopting such a position?

    Oh wait! Trap more people into debts they will be unable to service. Await mortgage defaults and repossess their properties. Very socially responsible.

    Reply
    Please complete the required fields.



Add a comment

  • 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

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>