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Mortgages may have peaked

Date: 04 Feb 05

The monetary policy committee of the Bank of England is expected to leave rates on hold this month.

An indifferent performance from the high street and a stuttering housing market makes a move in either direction look unlikely.

This means mortgages will stay the same for another month leaving homeowners waiting for that cut.

Despite concern that consumer debt will force another increase some analysts still believe rates have now peaked.

The MPC's policy of steady rate increases has certainly taken the steam out of the property market, which could lead to another cut before the end of 2005.

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