BIG DEAL!
Mortgage rates have been dramatically hiked and then dropped by a tiny amount simply so the spin can read "Mortgage Rates Easing". The table below shows how the recent "cuts" will make little difference to the average mortgage;
With house prices off by >10% already with 30% more to come many of the most economically active members of society will be highly inactive soon.
Its not the cost of the kerosene that's going to cripple airlines. Its the lack of passengers.
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