Site traffic immediately after the MPC's rate rise was 744,000 pages viewed, just 0.27% down on the figure of 746,000 for the same period last week.
Miles Shipside, Rightmove's commercial director, comments: "People are still looking at properties online in their droves, with almost three quarters of a million pages of property details viewedover lunchtime today - after the rate rise had been announced - virtually the same as in thesame period of last week. This suggests that a small rate rise won't affect home buyers' long term housing decisions to any great extent and that people are taking the quarter point hike in their stride. Aspirations to buy a home are strong, and the cost of borrowing still cheap. I think the rate rise will have more impact on discretionary consumer borrowing than on mortgages and on the housing market."
