Reply to: 6% May Be

[TheRightStuff]

Wots a "mortgage"?

I have no idea either. I'm fixed at 0.0% for 5 yrs.
hoping for 15% interest for my savings.

[Clippy]

WTF has that got to do with intrest rates? IRs are a (blunt) tool to control inflation. It's not in the BOEs remit to give a toss about peoples repayments.


Anyway, said predictions.

http://business.timesonline.co.uk/to...cle1813017.ece

Do you honestly believe the BoE is completely impartial now?

[DaveB]

I have mortgage offer of two year fixed at 5.34% - I think its a good one. I may go for it

I would. Managed to get 5.14% on the last day of the offer, fixed for two years.

[Lucifer Box]

your , but if you keep quiet, I won't mention it.

Arse, I am punctilious about my grammar and spelling as well. I feel I have let myself, the board and the shade of Fleetwood down.

[wendigo100]

I was. I'm going to tell the Master you've been wagging you're forked tongue again.

your , but if you keep quiet, I won't mention it.

[Lucifer Box]

I was. I'm going to tell the Master you've been wagging you're forked tongue again.

[wendigo100]

Wots a "mortgage"?

Humans have mortgages to buy houses. We don't have cloaked spaceships to live in like some I could mention.

Whoops, did I say that out loud?

[zamzummim]

I have mortgage offer of two year fixed at 5.34% - I think its a good one. I may go for it

[Euro-commuter]

Those predictions are for retail rates, not the bank base rate. The discussions here so far have been about the base rate.

Quite so. As it says clearly right at the start of the article:

Homeowners were last week warned to brace themselves for mortgage rates at 8 per cent, their highest for a decade, as the Bank of England seeks to curb inflation.

Legal & General, the City’s biggest fund manager, with assets of £240 billion, said last week that Bank rate would have to go to at least 6 per cent – forcing up lenders’ standard mortgage rates, which are typically two percentage points higher.

[DaveB]

8% is a prediction for the short term

Those predictions are for retail rates, not the bank base rate. The discussions here so far have been about the base rate. 7% base base rate by the end of the year is not out of the questions IMO.

[Burdock]

no I meant what I said, here here

we need a smiley for 'telling you what to say'

[scooterscot]

no I meant what I said, here here

[dang65]

here here

hear hear

You're telling someone to listen to something, see?

[Troll]

Predicted by who?

If rates were to go above 6%, a lot of people are going to struggle with repayments.

It was base +2% which is usual lenders SVR - but discounted deals can mitigate against this

[Ivor1]

WTF has that got to do with intrest rates? IRs are a (blunt) tool to control inflation. It's not in the BOEs remit to give a toss about peoples repayments.


Anyway, said predictions.

http://business.timesonline.co.uk/to...cle1813017.ece

Fook doesnt say by when though