Summary
Mortgage rates are at historically low levels. But that won't have prevented a large proportion of homeowners from nervously holding their breath on Thursday, as the Bank of England monetary policy committee met to consider pushing them up by a quarter of one per cent.
In they end they held firm, keeping Bank base rates at 5.25 per cent. But there have still been three interest rate rises since August and there is every chance that when the policy committee meets again next month a further rise will be high on the agenda.See the full content of this document
Extract
We Can't Afford Interest Rate Rise
Yet, as financial and housing experts tell the Western Morning News today, increasing interest rates is having no discernible impact on slowing the housing market or checking...
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