Interest rates in the US

[DimPrawn]

Predictions are that they are going to reach zero (0%).

How does that work with an interest only mortgage?

Free houses!

[beaker]

Fill yer boots!

[rootsnall]

I'm not sure how it worked in Japan post their housing crash. 0% rates and housing went down I think 17 years straight

[AlfredJPruffock]

I'm not sure how it worked in Japan post their housing crash. 0% rates and housing went down I think 17 years straight

Yes - you are corrent - property prices in Tokyou fell 90 per cent and still have not recovered - 0 per cent it smacks of absolute desperation - a fitting end to the Bush admin - altough there is still time to bomb Iran - sorry South Korea.

Shirly shome mishtake ?

[~Craig~]

Yes - you are corrent - property prices in Tokyou fell 90 per cent and still have not recovered - 0 per cent it smacks of absolute desperation - a fitting end to the Bush admin - altough there is still time to bomb Iran - sorry South Korea.

Shirly shome mishtake ?

It seems a bit of an over reaction, can you see ours going down anymore?

[Bagpuss]

Yes - you are corrent - property prices in Tokyou fell 90 per cent and still have not recovered - 0 per cent it smacks of absolute desperation - a fitting end to the Bush admin - altough there is still time to bomb Iran - sorry South Korea.

Shirly shome mishtake ?

Good job sorting out the middle east brought us cheap oil!

Remember last time we had a republican president? war and recession, same 'ol, same 'ol

[Churchill]

Yes - you are corrent - property prices in Tokyou fell 90 per cent and still have not recovered - 0 per cent it smacks of absolute desperation - a fitting end to the Bush admin - altough there is still time to bomb Iran - sorry South Korea.

Shirly shome mishtake ?

Loads of 'em. Are you still pissed from last night?

[MrRobin]

Thing is, the 0% wouldn't be passed onto Joe Public, the banks would just cream off more of a margin.

AJP, think you mean North Korea? Still need S Korea to continue making those cheap USB memory sticks to keep inflation down over here.

[Dow Jones]

Lower interest rates

Agree with MrR, lowering base interest atm is to help banks recover some of their losses, not the average borrower who will find that real interest rates are still edging up.

[DimPrawn]

Agree with MrR, lowering base interest atm is to help banks recover some of their losses, not the average borrower who will find that real interest rates are still edging up.

Except for savers, who will be passed on the 0% interest rate.