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The anticipated cuts to the base rate of interest will stabilise rather than re-igniting the market in 2008, according to the Nationwide building society.
The lender has published its latest house price index, showing that while prices dropped by 0.5 per cent in December, the annual increase for 2007 still stood at 4.8 per cent.
But landlords […]

Holders of sub-prime loans from Queens, the borough hit hardest by the mortgage crisis, will see little benefit from the federal government-backed plan to freeze interest rates on such loans for up to five years, elected officials from the borough said.
Sub-prime loans are generally offered to prospective homeowners who are turned down for traditional mortgages. […]