The average cost of a two-year fixed-rate mortgage fell to a six-and-a-half-year low during February, according to new figures from the Bank of England.
The average rate stood to 3.88%, down from 3.97% a month earlier to a level last seen in July 2003.
Five-year fixed-rates also eased last month, declining...
Posted to
Finance
on 03-10-2010
Filed under: All Financial News, Bank of England, Mortgage News, February, fixed-rate, average, two year, down, five year, fell
The Bank of England’s Monetary Policy Committee (MPC) has today elected to keep UK interest rates on hold at the historically low level of 0.5% for the 12th consecutive month. In addition, it has opted not to inject any more funds into the economy via its quantitative easing (QE) scheme - introduced...
Posted to
Finance
on 03-04-2010
Filed under: All Financial News, Economy News, quantitative easing, inflation, interest rates, house prices, Bank of England, February, Halifax, GDP, recovery, MPC, on hold, Monetary Policy Committee, fragile, QE
The Bank of England’s Monetary Policy Committee (MPC) is today expected to keep UK interest rates on hold at the historically low level of 0.5% for the 12th consecutive month.
In addition, the Bank is expected not to inject any more money into the economy through its quantitative easing (QE) scheme....
Posted to
Finance
on 03-04-2010
Filed under: All Financial News, Economy News, quantitative easing, inflation, interest rates, Bank of England, MPC, on hold, Monetary Policy Committee, manufacturing activity, expected, QE, service sector, pause
In a round-up of January mortgage lending, Bank of England figures show approvals for house purchases falling 17%, compared to a month earlier.
However, the month-on-month decline takes into account the end of the stamp duty holiday, which resulted in transactions being pushed through in time for December...
Posted to
Finance
on 03-01-2010
Filed under: All Financial News, lending, Bank of England, Mortgage News, fall, January, new, remortgaging, mortgage approvals, stamp duty holiday