Summary
TALK of rising interest rates is putting the brakes on the recent mini-boom in the housing market, according to Britain's biggest building society.
Unveiling sluggish price growth for the second month in a row, Nationwide today said an increase in wholesale money market rates had pushed up fixed rate mortgages and dampened housing demand.See the full content of this document
Extract
Talk of Rise in Rates Slows Homes Boom
"Since April, the change in rates corresponds to the impact of an actual quarter-point hike in the base rate," said Nationw...
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