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  • FIRST POST
    • Former MSE Helen
    • By Former MSE Helen 18th Mar 11, 2:15 PM
    • 2,324Posts
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    Former MSE Helen
    MSE News: Mortgage lending continued to stall in February
    • #1
    • 18th Mar 11, 2:15 PM
    MSE News: Mortgage lending continued to stall in February 18th Mar 11 at 2:15 PM
    This is the discussion thread for the following MSE News Story:

    "The Council of Mortgage Lenders predicts this is going to be a challenging year for households and the housing market ..."

Page 1
    • dimbo61
    • By dimbo61 18th Mar 11, 3:35 PM
    • 10,369 Posts
    • 5,614 Thanks
    dimbo61
    • #2
    • 18th Mar 11, 3:35 PM
    • #2
    • 18th Mar 11, 3:35 PM
    Hopefully the Bank of England are reading this as well and no interest rate rises for the next few months/years!
    • brit1234
    • By brit1234 20th Mar 11, 2:52 PM
    • 5,191 Posts
    • 11,968 Thanks
    brit1234
    • #3
    • 20th Mar 11, 2:52 PM
    • #3
    • 20th Mar 11, 2:52 PM
    Hopefully the Bank of England are reading this as well and no interest rate rises for the next few months/years!
    Originally posted by dimbo61


    I hope the opposite, these whole housing problem was caused by to low interest rates.

    For a healthy economy we need higher interest rates which will stimulate savings which in turn leads to business investment.

    Lending will return to normal when house prices fall to affordable levels and banks have more people saving to fund mortgages.
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