Mr big:

Thanks very much I will!

(That's a nice shirt)

Thanks Mr Big: it's Fred Perry... :)

Thanks very much I will!

(That's a nice shirt)

Good question Mr Big. My next analysis piece, already up on the site, explains what I think it means. Have a look....

So.....

when will we see this reduction in our mortgages? I always get a letter when is goes up but never down!

I'm not getting the champagne out yet (unless that's what my points get me) as I think we are still not out of the woods.

The housing market is more than an interest rates issue. The cretinous HIP process has also forced many sellers to bring property off the market and stocks are simply going down. Add this to the pre-Christmas jitters which are normal at this time of the year together with tougher lending criteria and I believe that we will see this continue and maybe even worsen going into 2008.

I'll wait and see what happens in February/March before getting too happy with the news. There's many a slip 'twixt cup and lip ... and I simply do not trust Gordon's bunch of useless ... not to mess up again.

SHARK!