Why interest rates must be cut
03/08/08 06:28 AM
STRUGGLING homeowners and business people were
yesterday given a ray of hope with experts tipping
interest rate cuts in November and then again next
April.
The welcome predictions come amid a flurry of bad economic news. Retail sales suffered their worst slump in 30 years this week, leading to fears of mass job losses.
Business and consumer confidence is at its lowest level since the 1992 recession and the number of new mortgages is at a 21-year low because borrowers cannot afford to buy.
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The welcome predictions come amid a flurry of bad economic news. Retail sales suffered their worst slump in 30 years this week, leading to fears of mass job losses.
Business and consumer confidence is at its lowest level since the 1992 recession and the number of new mortgages is at a 21-year low because borrowers cannot afford to buy.
Click here for the full story
FOOTNOTE: Get yourself pre-approved for a home loan in just 60 seconds using My Home Loan Approvals exclusive software. It’s FREE, FAST and it can be ANONYMOUS. Be sure to check out the fantastic range of Home Loan Calculators. Answer those questions:- “How much can I borrow” and “What will my repayments be”. Fast Home Loan approvals are possible even home loans for people with bad credit.

