Thursday, February 7, 2008

Falling House Prices put Pressure On Rate Cut

The Halifax house price index reported that house prices fell for the third month, in January 2008. This is the first time in 12 years that UK house prices have fallen for 3 consecutive months. However, the price drop was fairly limited house prices are 1% lower than 3 months ago.With the MPC meeting tomorrow [...]

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[Source: Mortgage Blog]

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