"I will not allow house prices to get out of control and put at risk the sustainability of the future." Gordon Brown, 1997 "At present the problem of the house price bubble is being largely ignored. But sooner or later the issue will have to be faced. House price booms and busts are a risk to economic stability." Vince Cable, February 2004 "It will all end in tears. I have thought this for some time, but I think we really are probably somewhere near the end of it." Tony Dye, April 2004 "And what you have achieved for the financial services sector, we as a country now aspire to achieve for the whole of the British economy." Gordon Brown, June 2004 | "Thanks to The City's remarkable achievements, we have the huge privilege to live in an era that history will record as the beginning of a new Golden Age." Gordon Brown, June 2007 "There seems to have developed a culture of panic among some industry observers that a catastrophe is just around the corner. Nothing could be further from the truth." Bill Cullens, November 2007 "That people are in danger of facing widespread negative equity and home repossession is colourful and lurid fiction." Angela Eagle, Exchequer secretary to the Treasury, April 2008 "It is time to end the age of irresponsibility." Gordon Brown, September 2008 |
| Hard Times Spark Slew of Scams Washington Post, 05 July 2009 The sagging economy has inspired a number of scams -- from mortgage schemes to work-at-home ploys to tax and stimulus frauds. Help for Those Struggling To Pay the Mortgage Washington Post, 05 July 2009 If you can't afford your monthly mortgage payment and you can't refinance, a loan modification may keep you in your home. The Mortgage Professor Washington Post, 04 July 2009 THE MORTGAGE PROFESSOR Jack Guttentag Some of the most difficult questions I receive from readers concern the relationship between making extra mortgage payments and refinancing. Mortgages: Securing a Jumbo: No Small Task New York Times, 04 July 2009 The nonconforming ?jumbo? mortgage, which exceeds the conventional ?conforming? loan limit of $729,750 set by Fannie Mae and Freddie Mac, is becoming more difficult to obtain. More global news stories... |
It is one of the perennial jokes that women do not drive as well as men. Unfortunately, for all those people wishing to make this particular joke, it's difficult to get around the fact that insurance companies offer cheaper policies to women than they do to men...
That most miraculous events may be happening. The British people may get a summer, a hot one at that, and it is high time for us to start enjoying it...
| Bank | Rate | Movement | Move Date | Next Decision | |||
|---|---|---|---|---|---|---|---|
 | Bank of England | 0.5% | 0% | 04 Jun '09 | 09 Jul '09 | Graph (see below) | Official Release | |
 | Federal Reserve Bank of New York | 0.25% | 0% | 29 Apr '09 | 24 Jun '09 | Graph (see below) | Official Release | |
 | European Central Bank | 1% | -0.25% | 04 Jun '09 | 02 Jul '09 | Graph (see below) | Official Release | |
 | Reserve Bank of Australia | 3% | 0% | 02 Jun '09 | 07 Jul '09 | Graph (see below) | Official Release |
Bank of England Historical Base Rates
Click the graph link next to a bank in the list above to change this graph.With the US housing market experiencing a slow down and the US subprime mortgage market in crisis, there is increasing concern over the vulnerability of the economies of other countries where there has been a boom in house prices over the past decade.
This site exists to provide information and discussion related to the housing market.
- Links to articles from the UK, American and Australian press are updated daily here
- A discussion board for you to share you experiences of house buying and selling, and to ask the advice of others
- Statistics, including historic interest rates of major economies, housing market indicators, and predictions
- Some links to selected property market and economic websites
- Quotes from housing market pundits through the years
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