| The result of rising interest rates is
| |
| | 7.5% in October 1998 to 5% in June 1999
|
| that there is an increase in mortgage
| |
| | was said to be a major factor in the
|
| payments resulting in a lower demand for
| |
| | acceleration in housing market activity
|
| housing. On the other hand, a fall in
| |
| | during the summer of 1999. Equally the
|
| interest rates should fuel higher market
| |
| | series of increases in interest rates
|
| demand and put increasing strain on house
| |
| | from 5% in June 1999 to 6% by February
|
| prices. This is supposed to enhance
| |
| | 2000 helped to take some of the excess
|
| expenditure connected with house-buying
| |
| | demand for housing out of the market and
|
| and the rise in prices will add to total
| |
| | contributed to a slowdown in the rate of
|
| housing wealth and make consumers more
| |
| | house price inflation during the summer
|
| positive about their personal
| |
| | of 2000.
|
| finances.The cut in interest rates from
| |
| |
|
