Your MONEY: HOMES RISING.
HOUSE prices kept rising last month, adding to chances of an interest rate rise today.
The average property price rose pounds 26 a day - 0.4 per cent - in June to pounds 197,461 according to Halifax. That means prices are now 10.7 per cent higher than a year ago.
While the rise is less than that recorded by Nationwide building society and smaller than the City expected, it may be enough to tip the Bank of England's decision.
A 0.25 percentage point rise to 5.75 per cent would add around pounds 16 a month to the cost of repaying a pounds 100,000 loan.
|Printer friendly Cite/link Email Feedback|
|Publication:||The Mirror (London, England)|
|Date:||Jul 5, 2007|
|Previous Article:||Your MONEY: Homebuyers sacrifice chunks of their lives; CASHPOINT.|
|Next Article:||Your MONEY: Brokers home in on the poor; FURY OVER MORTGAGE RIP-OFFS.|