House prices remain slow claims Nationwide
The sluggish start to the year in the UK housing market continues according to the Nationwide Building Society. Prices across the UK rose by 0.7% in March, but the longer term picture showed a slow down in house price inflation. The average UK home cost £164,519, some £14,000 higher than a year ago. But the [...]
March 30, 2010
Tags: Bank of England, falling interest rates, home loans, house prices, Loan calculator, loans rates, UK loans rates Posted in: Uncategorized 
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UK home loans interest rates fall to new lows
The cost of tracker mortgage rates fell to a record low during January as competition continued to return to the mortgage market, figures from the Bank of England show. The average interest rate charged on one of the deals dropped to 3.63pc from 3.92pc during the month, the lowest level since Bank of England records [...]
February 10, 2010
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Loans rates to stay low until 2014
Loans interest rates will stay at rock bottom in the years to come as the labour Government tackles the wounded economy, a report says. The cost of borrowing is to remain at its record low of 0.5pc until at least 2011 and remain below 2pc until 2014, according to a study by the Centre for [...]
October 12, 2009
Tags: Bank of England, Credit Crunch, falling interest rates, Interest Rates, UK loans rates, uk recession Posted in: Uncategorized No Comments
UK savings rates hit all time low
UK savings rates have sunk to a new all time low, according to the Bank of England, even though mortgage rates have continued to creep upwards. The figures come despite official data that suggests consumers want to save money more than at any time in the last six years, as they tighten their belts to [...]
September 29, 2009
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Bank of England defends Mervyn King over loans rates
Mervyn King is not trying to talk down the Pound, say Bank of England sources, who insist that the currency and loans markets have misinterpreted the governor’s comments. Sterling dropped below €1.09 and $1.60 on Friday, its lowest for nearly six months and four months respectively. Market traders attributed the weakness to a Bank bulletin [...]
September 28, 2009
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After the rises investors now take profits
The FTSE 100 slid into negative territory yesterday as investors booked profits after a six day winning streak came to an end. The index closed 38.53 points down at 5,134.36, after hitting an intra-day low of 5,108.35. The biggest drag on the London market came from the mining sector, with shares falling on the back [...]
September 22, 2009
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Gold rises above $1,000 an ounce
Gold prices on Tuesday hit a fresh six month high above $1,000 a troy ounce, as investors continued to worry about the re-emergence of inflation. Traders said that the bulk of the buying came after a confluence of bullish chart signals triggered speculative flows into the precious metal. In early morning trading in London, spot [...]
September 8, 2009
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Caution prompts ECB to keep the monetary taps open
The European Central Bank (ECB) said yesterday that it was in no mood to withdraw the emergency measures it has been using to stimulate the eurozone economy in the face of the global financial crisis. Jean-Claude Trichet, the President of the ECB, said that it was too soon to end its support measures. Apart from [...]
September 4, 2009
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European Central Bank falls into line and embraces quantitative easing
Rearguard action by Germans to stave off ‘undesirable option’ dismissed by central bank’s governing council as ECB cuts loans rates to 1%. The European Central Bank is now following the policy first adopted by the Bank of England and America’s Federal Reserve The European Central Bank has cut interest rates a quarter point to a [...]
May 8, 2009
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US stress tests of banks a focal point for loan calculator
The results of the US banks stress testing is expected tomorrow after the markets in New York close- this is to be followed by a press conference from the Banks involved on Friday at which one would assume, they will argue their opposition to the findings. Rumours and articles abound this morning concerning Bank of [...]
May 7, 2009
Tags: Credit Crunch, falling interest rates, Interest Rates, Loan calculator, sub prime loans, US loans rates Posted in: Uncategorized No Comments
