"High house prices and rising interest rates put the brakes on demand for mortgages from Britain's high-street banks, according to figures released today."
Sometimes it's interesting to consider that we're not in a bubble (and I don't mean a "price" bubble). The subprime meltdown has affected the real estate and mortgage markets in the US significantly. In Britain, they're dealing with their own mortgage-related issues...high house prices (sound familiar?) and rising interest rates (well...we've been there before...thank goodness that's not a huge issue compounding our already problemed markets).
The article: http://business.guardian.co.uk/story/0,,2090764,00.html
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