"I will not allow house prices to get out of control and put at risk the sustainability of the future." - Gordon Brown, 1997. More Quotes...
| How plan protects taxpayers CNN, 07 September 2008 Make no mistake. It's hardly delightful for taxpayers that the Treasury had to step in to rescue Fannie Mae and Freddie Mac - the engines of the mortgage market. FOXBusiness: Gov't Seizes Fannie Mae, Freddie Mac-Bush: Letting Mortgage Giants Fail Is 'Unacceptable' 07 September 2008 Bush: Fannie, Freddie Are Unacceptable Now Fox News, 07 September 2008 President says to let the two mortgage giants operate without government conservatorship would create too much risk for the housing market. Your Money: The Rescue?s Effect on Consumers New York Times, 07 September 2008 Mortgage rates may fall a bit initially but probably not enough to quickly halt the decline in home prices. More global news stories... |
| Bank | Rate | Movement | Move Date | Next Decision | |||
|---|---|---|---|---|---|---|---|
 | Bank of England | 5% | 0% | 04 Sep '08 | 09 Oct '08 | Graph (see below) | Official Release | |
 | Federal Reserve Bank of New York | 2% | 0% | 05 Aug '08 | 16 Sep '08 | Graph (see below) | Official Release | |
 | European Central Bank | 4.25% | 0% | 07 Aug '08 | 04 Sep '08 | Graph (see below) | Official Release | |
 | Reserve Bank of Australia | 7.25% | 0% | 05 Aug '08 | 02 Sep '08 | Graph (see below) | Official Release | |
 | Bank of Canada | 3% | 0% | 15 Jul '08 | 26 Aug '08 | Graph (see below) | Official Release |
Bank of England Historical Base Rates
Click the graph link next to a bank in the list above to change this graph.With the US housing market experiencing a slow down and the US subprime mortgage market in crisis, there is increasing concern over the vulnerability of the economies of other countries where there has been a boom in house prices over the past decade.
This site exists to provide information and discussion related to the housing market.
- Links to articles from the UK, American and Australian press are updated daily here
- A discussion board for you to share you experiences of house buying and selling, and to ask the advice of others
- Statistics, including historic interest rates of major economies, housing market indicators, and predictions
- Some links to selected property market and economic websites
- Quotes from housing market pundits through the years
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