Rates have peaked, says City
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A sharp and surprising downturn in Britain&#39;s economy made the City predict yesterday that interest rates have peaked, and signs emerged that the higher cost of borrowing is putting the brakes on the housing market and the manufacturing sector.
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Private ferry operators need public-funding lifelines to stay afloat, City Council officials warned yesterday. Alarmed by service cutbacks announced recently by the financially troubled NY
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Investor's Business Daily - The 30-year fixed mortgage rate averaged 6.53% in the week ended June 7, up from 6.42% last week and the highest since Aug., Freddie Mac said. It was at 6.62% last year. The 15-year fixed rate rose 0.1 point 15 6.22%. &quot;Mortgage rates climbed this week owing to market concerns of a tight labor force and wage growth,&quot; said Frank Nothaft, Freddie Mac vice president and chief economist. He said housing probably won&#39;t recover before year-end.
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Business & money: Average interest rates on personal loans have jumped to almost double the advertised rate
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Freddie Mac of McLean, Va., said Friday long term mortgage rates inched higher during the week ending Dec. 2. Freddie Mac said the rate on the popular 30-year fixed-rate mortgage loan rose to an average 5.81
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Undergraduates in the city earn more than Â£90 a week on average, just behind Glasgow, Cambridge and Cardiff. Their hard-earned cash is likely to be spent on looking good and socialising, the
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Higher interest rates for bank depositors are stressing local and regional banks.
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Property in Manhattan continues to escalate in price, and that includes parking spaces.
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The house price boom has ended with values falling by their steepest for almost a decade, according to a national survey. The Royal Institute of Chartered Surveyors says the decline in prices is the biggest
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Hundreds of the cityâs best and brightest are leaving, driven away by crime, high rents and what many say is a dissipating sense of possibility.
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The housing market has peaked but is not heading into the abyss, analysts said today, as figures showed property price falls for the fourth consecutive month.
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House prices dropped at their steepest rate for nine years this summer, according to a survey published today which provides one of the clearest indications yet that the housing market is in decline.
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Business & money: Investors continue to pile into property market in spite of rising interest rates.
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The Halifax, Britain&#39;s biggest mortgage lender, yesterday reported the sharpest fall in house prices for four years, the clearest signal to date that the country&#39;s housing boom has run out of steam.
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Â· High interest rates biting, surveyors' report finds Â· Only London property prices rising
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Leading shares closed sharply higher, but off peaks, propelled by growing optimism that US rates may have peaked, with news of a disposal at the Sainsbury family trust heightened recent takeover talk surrounding the food retailer, dealers said.
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Mortgage rates continued to ease this week as housing starts reached record levels in August, according to a report released Thursday by Freddie Mac.