Reply to: BOE Interest Rate Rise

[stackpole]

And me.

Might even be worth taking the wads of £50s from under the bed & sticking them in an account.

I'll be making paper mache furniture out of them!

[bobhope]

I couldn't be bothered to make a punt on 0.25 - dohh.

[Spartacus]

Doomed!

Au contraire, at 15% it would be boomed for me.

[n5gooner]

Doomed!

or boomed!

[Troll]

The ZeitGhost(tm) interest rate prediction machine indicates 15% by October.

Doomed!

[NoddY]

Of course the banks will convince you low interest rates are a good thing as it reduces 'the cost of borrowing'. This is a lie.

But the fact that washes over the Great British public is 5% on £200,000 is NOT better than 10% on £100,000.

[Spartacus]

6% by April/May. I'm telling you.

Ah it was you DaveB. I knew someone had predicted 6% by the end of the spring.

[DaveB]

6% by April/May. I'm telling you.

[Spartacus]

I personally think we may see 5.5% but it wont go any higher than that, the majority view of the comments Ive seen from economists etc is along the same lines.

I don't want to rain on your parade Ivor1 but the majority view of economists was that rates wouldn't rise today.

[Ivor1]

A bit harsh methinks. Pickle is probably right Ivor, and you just look like you're shaking your cock at everyone. Idiot.

Thanks **** face !

[DaveB]

Well I did warn you

Knew I should have had a punt at the time.

[Ruprect]

Im not bothered I can afford it just dont want to pay, actually this rate increase has prompted me to review my investments and pay off £75K of my mortgage by the end of next week. I expected it to go up but thought it would peak 5.25% Mr PRICKle

A bit harsh methinks. Pickle is probably right Ivor, and you just look like you're shaking your cock at everyone. Idiot.

[Ivor1]

Now there will be a spurt of house buying as people try to get a fixed rate mortgage before the banks raise their rates. Expect a news report next month that house prices have increase another 1%.

Its self-fulfilling I tell ya.

I agree, they keep saying mortgage approvals are up, but thats because everyone is trying to get a deal secured thinking rates will go up, and lots of people getting new mortgage deals increase the risk of rate increases. PLUS energy costs, they could go down now if the gready companies reflect the descrease in wholesale costs to there customers but the feckers have decided to wait till after winter to do it.

I personally think we may see 5.5% but it wont go any higher than that, the majority view of the comments Ive seen from economists etc is along the same lines.

[Goya]

Unfortunately I'll be looking to get back into the housing market in the next few months (having got off last October). Interest rates increasing isn't great news, but I don't think there will be a house price crash, merely a slow down.

It would be nice though if a crash could occur in the next month or two

[lilelvis2000]

Now there will be a spurt of house buying as people try to get a fixed rate mortgage before the banks raise their rates. Expect a news report next month that house prices have increase another 1%.

Its self-fulfilling I tell ya.