Hometrack records a loss - its first in two years - of 0.1% for October, with annual growth falling back to 4.4%. And it's the places that have seen the biggest profits that are now experiencing the biggest falls... central London and the City (-0.5%), south west London (-0.4%). Meanwhile, the Council of Mortgage Lenders has revised its 2008 predictions to a rise of just 1%. It expects base rates to end 2007 at 5.5% and 2008 at 5%.

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