"I will not allow house prices to get out of control and put at risk the sustainability of the future." Gordon Brown, 1997 "At present the problem of the house price bubble is being largely ignored. But sooner or later the issue will have to be faced. House price booms and busts are a risk to economic stability." Vince Cable, February 2004 "It will all end in tears. I have thought this for some time, but I think we really are probably somewhere near the end of it." Tony Dye, April 2004 "Don't be fooled: unless you're committing to being a tenant forever, you need to get yourself on the property ladder...things will not get easier." Phil Spencer, Channel 4, November 2004 | "That people are in danger of facing widespread negative equity and home repossession is colourful and lurid fiction." Angela Eagle, Exchequer secretary to the Treasury, April 2008 "Thanks to The City's remarkable achievements, we have the huge privilege to live in an era that history will record as the beginning of a new Golden Age." Gordon Brown, June 2007 "There seems to have developed a culture of panic among some industry observers that a catastrophe is just around the corner. Nothing could be further from the truth." Bill Cullens, November 2007 "It is time to end the age of irresponsibility." Gordon Brown, September 2008 |
| Home prices fall in Pittsburgh, nationwide 19 November 2008 Home prices in the Pittsburgh region fell in the third quarter, according to the National Association of Realtors, which follows the trend nationwide. Greater Cincy home prices down 6% 19 November 2008 Prices for single-family homes fell in major Ohio cities during the third quarter, according to new data from the National Association of Realtors. Best housing 'bailout' may be no bailout CNN, 19 November 2008 Several mortgage-rescue plans are making the rounds in Washington, but economists say the best approach may be to sit tight. Mortgage applications near 8-year low, although rates slip 19 November 2008 Applications for home mortgages declined last week, with loans for purchases of single-family homes falling to their lowest ... More global news stories... |
| Bank | Rate | Movement | Move Date | Next Decision | |||
|---|---|---|---|---|---|---|---|
 | Bank of England | 3% | -1.5% | 06 Nov '08 | 04 Dec '08 | Graph (see below) | Official Release | |
 | Federal Reserve Bank of New York | 0.5% | -1% | 29 Oct '08 | 16 Dec '08 | Graph (see below) | Official Release | |
 | European Central Bank | 3.25% | -0.5% | 06 Nov '08 | 04 Dec '08 | Graph (see below) | Official Release | |
 | Reserve Bank of Australia | 5.25% | -0.75% | 04 Nov '08 | 02 Dec '08 | Graph (see below) | Official Release | |
 | Bank of Canada | 2.25% | -0.25% | 21 Oct '08 | 09 Dec '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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