Interest rate reductions signal turning point for first-time buyers

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Interest rate reductions signal turning point for first-time buyers

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12-22-2007, 08:36 AM

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Interest rate reductions signal turning point for first-time buyers

The fact that the Bank of England’s Monetary Policy Committee (MPC) voted unanimously to cut the base rate to 5.5% in December is good news for house buyers.The move signalled the first fall in the base rate since August 2005 and the fact that all nine members of the MPC were in favour of the [...]

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