Saturday, September 20, 2008
Prices will continue to fall – but we all know that anyway
Lenders likely to lift fixed rates in next few days
"Recent cuts in mortgage rates have come abruptly to a halt as the banking crisis has brought renewed fear to the financial markets."
Posted by letthemfall @ 10:53 AM (619 views)
One thought on “Prices will continue to fall – but we all know that anyway”
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paul says:
And of course, this has nothing to do with what the base rate is doing.
It is a sorry, sickening day for the Bank of England and the Monetary Policy Committee. They lost control of the price of credit because they underpriced the risk for too long.
The MPC should, by all rights, be dispatched of their duty. They failed abysmally.