Tag Archive | "interest rates"
Banks raise interest rates on current accounts
Whilst the banking industry and consumers await the ruling of the judge in the High Court case over bank charges, banks are busy trying to attract new customers by raising the interest rates that are offered on current accounts, starting a current account war within the industry. A number of banks have increased their current account [...]
Continue reading...More US Rate Cuts Are Coming
Wednesday, February 20, 2008
As the Governor of the Bank of England, Mervyn King, says that people should not expect the level of base rates cuts that have been talked about for 2008, in the United States they are talking about further slashes in their interest rates. Federal Reserve chairman Ben Bernanke alluded to further interest rate cuts in the [...]
Continue reading...House Prices May Fall In Real Terms, Says Governor
Tuesday, February 19, 2008
The Governor of the Bank of England, Mervyn King, has warned that property prices could fall in real terms over the next four years. If house prices stagnate or rise below the level of inflation then their real values will fall. He said: “The central view in this forecast is, looking several years ahead, there’s no [...]
Continue reading...FSA outlines risk factors for repossession
Sunday, February 17, 2008
The FSA has stated that over the next eighteen months many homeowners could be at risk of losing their homes. Officials state that the risk could apply to over one million homeowners, with around 25% of those who purchased their properties, took out their home loans, or remortgaged between 2005 and 2007 at increased risk [...]
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Friday, February 29, 2008
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