In 2009, when interest rates were cut sharply after the GFC and first-time buyers intends to introduce, we saw a shoot-up in price we saw a lot more first-time buyers into the market. But as interest rates scaled up from a variable rate of 5.8% to 7.8 % over the next 8 months two years,we saw the strains have put on a lot of people in the housing market,stole them completely and actually make them backwards.  

 

To the markets now, Wall Street was boosted by the start of company-earning season. They are reporting those figures now and in London overnight, the FTSE was 63 points up at its close. 

 

Looking at commodity prices, West Texas crude is trading 103 U.S dollar a barrel, Tapis is 113 U.S dollar a barrel and gold is trading at 1250 U.S dollar an ounce. 

 

Australian dollar is buying 91.72 U.S cents, 72 Euro cents and 62 pence sterling.