Slight uptick in annual house price growth according to Nationwide

Latest Nationwide House Price Index report – July 2018 released today headlines ‘July sees modest rebound in annual house price growth’.   The report reveals that annual house price growth picks up to 2.5% and that prices rose 0.6% month-on-month. Commenting on the figures, Robert Gardner,Nationwide’s Chief Economist, said: “There was a slight uptick in…

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Home prices rose across England and Wales by 0.5% in May according to latest Asking Price Index report from Home.co.uk

Latest Home.co.uk Asking Price Index report – May 2018 headlined, ‘Summer Optimism Masks Market Melancholy’. The report reveals that home prices rose across England and Wales by 0.5% this month, reflecting seasonal optimism more than fundamentals. London prices continue to slide extending 12 month losses to -2.5%,  the slowdown that began there now seems to…

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Rising interest rates is causing fixed rate products to grow in popularity according to Paragon Mortgages

bank of england interest rate

Latest press release from Paragon Mortgages headlined ‘Longer-term fixes reach record high.’ Paragon Mortgages latest Financial Advisors Confidence Tracking (FACT) Index report, based on interviews with 199 mortgage intermediaries, shows longer term fixed rate mortgages continue to grow in popularity with homeowners opting for five-year products to benefit from better rates. Paragon Mortgages reveals, the…

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Interest rates remain on hold at 0.25%

bank of england interest rate

Bank of England – Monetary Policy Committee (MPC) Announcement  and Minutes 16th March 2017. The MPC voted by a majority of 8-1 to maintain Bank Rate at 0.25% at their meeting ending 15 March 2017. The Committee voted unanimously to continue with the programme of sterling non-financial investment-grade corporate bond purchases, financed by the issuance…

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Monetary Policy Committee decisions and reports today

The Monetary Policy Committee’s (MPC) decision on interest rates will be announced today at 12 noon. Minutes of the MPC meetings are published simultaneously with the decision. The MPC’s quarterly forecast for growth and inflation will also be published in the Inflation Report today which gives us the central bank’s latest forecasts for the UK…

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Monetary Policy Committee decision on Thursday

bank of england interest rate

The Monetary Policy Committee  voted unanimously on Thursday to leave interest rates at 0.25% and asset purchases at £435bn, this was a decision very much expected by analysts. The Bank of England (BoE) reiterated that it was ready to tighten or loosen policy if needed to respond to any changes in the economic outlook as…

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Possible cut to UK interest rates next week.

bank of england interest rate

Analysts are expecting lower interest rates to come as early as next week, a new low of 0.25% can now be expected in an attempt to boost a flagging economy post “Brexit”. In the immediate wake of the referendum result last week, Governor of The Bank of England,  Mark Carney has hinted at further stimulus…

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possibility of zero interest rates

bank of england interest rate

Projections on the financial markets are now suggesting that interest rates in Britain will not reach 0.75% until May 2020, some experts are infact warning that the Bank of England could even cut rates to zero in the next 12 months. Rates have remained at an all time low now of 0.5% since March 2009,…

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Halifax releases (HPI) April

Released today the Halifax House Price Index (HPI) for April, annual house price growth eases to 9.2%. Prices in the three months to April were 9.2 % higher than in the same three months a year earlier. House prices in the latest three months (February-April) were 1.5% higher than in the preceding three months. Commenting,…

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Interest rates remain at 0.5%

bank of england interest rate

The Bank of England (BoE) decided yesterday to keep interest rates unchanged, the BoE unanimously agreed to maintain rates at 0.5% and leave the asset purchase programme at £375bn, this was what analysts were expecting. The decision to keep rates as they are  comes amid concerns about weak wage growth, low inflation and a global…

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