Bank turmoil threatens more housing misery

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Bank turmoil threatens more housing misery
LONDON (Reuters) - Homeowners should brace for a faster drop in the value of their properties as unprecedented turmoil in the global financial sector pounds sentiment in the flailing residential property market, experts said this week.

Rate cuts gather pace
Lenders are making larger and more frequent cuts to their mortgage rates, even at the riskier end of the market, in a sign that the recovery in the credit markets is underway.

Crunch time

Prepare to buy as market nears low, say advisers
Consensus is growing among wealth managers that the UK stock market will bottom out within the next two months, heralding strong investment opportunities for the long term

BoE’s Dale says economic risks are finely balanced
LONDON (Reuters) - The risks facing the economy are finely balanced but could change given so much uncertainty in the current environment, Bank of England chief economist Spencer Dale said on Thursday.

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