Thrifty Loans

Annual House Price Inflation Falls Again

Property values continue to flounder as annual house price inflation fell below 5% in January. Figures from the Halifax indicate that there was no change in the value of house prices last month, the average remaining as £197,244. However, that meant that the annual rate fell to 4%, with houses worth on average £7,628 more [...]

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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 [...]

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More US Rate Cuts Are Coming

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 [...]

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House Prices May Fall In Real Terms, Says Governor

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 [...]

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