US EditionInterest Rates to Be Cut ‘Five Times’ This Year in Major Boost for Mortgage Holders
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Interest rates to be cut ‘five times’ this year in major boost for mortgage holders
The Bank of England is forecast to slash interest rates five more times this year in a massive boost to millions of borrowers. Wall Street giant Morgan Stanley joined others in predicting the Bank’s Monetary Policy Committee will cut its base rate from 4.5% to 4.25% next Thursday. It thinks two of the MPC’s nine members could go even further and vote to chop rates to 4% in one fell swoop. And it thinks rates could even crash to closer 2% at some…
All eyes are on the Central Bank's next steps in the housing market. The expectation of an interest rate cut could spark renewed activity in mortgage-backed home purchases. Industry representatives predict that demand could increase rapidly, but prices could rise again due to insufficient supply. Will housing prices increase if interest rates drop? What do the experts say? Vartur Real Estate CEO Şerif Nadi Varlı notes that housing purchases in T…
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