BOE Interest Rate Rise

**Spartacus** · 11 January 2007, 12:09

We're doomed. Or is it boomed?

Good news for house owning no mortgage savers like me.

**Weltchy** · 11 January 2007, 12:14

Meh, Im fixed until 2009. So Im really not too fussed at the mo.

**Spartacus** · 11 January 2007, 12:15

Only permies have mortgages anyway.

**Sockpuppet** · 11 January 2007, 12:25

FFS! Sometimes I think that its a personal vendetta by the BOE on me to keep me out of the housing market.

**Spartacus** · 11 January 2007, 12:32

Originally posted by Sockpuppet

FFS! Sometimes I think that its a personal vendetta by the BOE on me to keep me out of the housing market.

Patience, my young padawan. The longer the "correction" takes in arriving the more dazed and confused people wandering the streets leaving nice empty houses for you to move into there will be.

**sasguru** · 11 January 2007, 12:33

Good advice. Keep yer powder dry.

**Bagpuss** · 11 January 2007, 12:35

Come on! my savings need it

**shoes** · 11 January 2007, 12:35

Originally posted by Sockpuppet

FFS! Sometimes I think that its a personal vendetta by the BOE on me to keep me out of the housing market.

isn't this good news for someone in your position? Borrowing less affordable = less people buying = lower prices

Also higher mortgage payments = more repossessions = bargains = lower prices

Plus your cash reserves earn more interest.

**Ivor1** · 11 January 2007, 12:41

GGGGRRRRRR

**** me up again,
signed up to a 2 year discount rate and now had 3 rate increases in 6 feckin months, discount rate is 0.11% below BOE Base rate so rate still not bad but not great. Anyone think they will come down again this year ?

BOE Interest Rate Rise