Inflation falls again – could this be good news on interest rates. This morning the latest inflation figures have been released and show a fall back in the annual rate from 7.9% to 6.8%. This is coupled with the news over the last fortnight that lenders have started to reduce their fixed rate mortgages on the presumption that the Bank of England base rate may be nearing its peak. What does this mean for the housing market? Higher interest rates and the cost of living will continue to have an effect but a stable rate of borrowing and a more favourable out look can only be a good thing. Many buyers are still seeking to purchase and move. We have had a healthy start to August and some well priced properties are attracting good levels of interest. Thinking of selling? Call your local Aldreds office today!