Rates hold brings little joy for homebuyers
2 years ago
This is the fourth month in a row that the rate has been held a although there is a need to stimulate the economy,most commentators believe that interest rates will start to rise soon.
" It is widely felt that a rise in interest rates is unlikely to occur until the beginning of next year to allow the affects of the low interest rate environment and quantitative easing to filter through",said Jennet Siebrits,head of residential research at the real -estate firm CB Richard Ellis.