Marketwatch

There were lots of positives last week with numerous rate cuts and the CML raising its gross lending prediction to £140bn. Also, Northern Rock has tweaked its mortgage offering in response to broker feedback

heroes&villains

Hero of the week is Barclays which has reduced rates for the fourth time in six weeks. It has cut its lowest two-year fixed to 2.98% for loans over £250,000. And there is now an offset tracker at 2.79% for loans over £200,000.

Villain of the week are the factors that have driven two out of three 20 to 45 year olds to give up on home ownership. This is a terrifying figure we should work hard to prove wrong. A generation locked out of the housing market is not good for the UK.