UK home owners expecting interest rates to rise

Home owners in the UK were already anticipating a rise in interest rates before the governor of the Bank of England warned that the property market is in danger of overheating. This weekend the governor Mark Carney warned that the housing market poses the biggest risk to Britain's economic recovery as a shortage of new homes drives up prices. He said the Bank of England was watching to ensure that banks had enough reserves to withstand the risks of bad loans should the housing market suffer a do...