UK property: rates rises working
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House prices in England and Wales fell slightly in August, according to figures from property research company Hometrack, offering another sign the market may be cooling in the face of higher interest rates.
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Figures showing falling mortgage approvals and rising repossessions suggest interest rate rises are being felt.
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Homeowners are given a boost after policymakers at the Bank of England vote to keep interest rates at 5.25%.
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Interest rates on US 30-year and 15-year mortgages rose in the latest week as an improving economy stoked fears of inflation, mortgage finance company Freddie Mac said on Thursday.
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House price growth remains strong despite concerns about interest rate rises, Land Registry figures show.
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Mortgage rates climbed for the second consecutive week on news that the economy may soon be improving, according to surveys conducted by mortgage buyer Freddie Mac and Bankrate.
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THE Bank of England&#39;s monetary policy committee kept Britain&#39;s 11m homebuyers, businesses and the City happy today when it left interest rates on hold at 4.75% for the second month in a row.
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The Bank of England raises UK interest rates to 5.75%, warning that pricing pressures remain elevated.
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Speedy growth in the eurozone and UK services sectors are making higher interest rates likely.
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The pound continued to benefit Thursday from the prospect of higher interest rates in the UK, as Wednesday&#39;s hawkish minutes to the Bank of England&#39;s latest rate-setting meeting made the market increasingly confident of rates rising to 6 percent.
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There is a "strong possibility" interest rates in the UK will rise in February, according to an overview business survey.
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The buy-to-let property market is still booming, despite higher interest rates,a report says.
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Bank of England expected to push rates up to 5.75%.
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UK businesses are set to prosper during the next few months - but this could trigger more interest rate rises, a report says.
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Interest rates on U.S. 30-year and  15-year mortgages edged higher this week amid signs the economy  is improving, stoking inflation concerns, mortgage finance  company Freddie Mac said on Thursday.
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Another rise in interest rates, the fifth this year, is likely to hit homeowners and property investors. The Reserve Bank today increased the Official Cash Rate (OCR) by a quarter of one per cent to 6.25 per cent.
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Annual house price inflation in the UK  has picked up - hitting 6% in July - according to government figures.