Message to CyberCretin

[TheFaQQer]

As in the telegraph on MOnday - interest rates needs to hit 2% or less. Prefrably by Christmas - definetly by Easter.

Oh, where do I start....



should do it.

[BrilloPad]

As in the telegraph on MOnday - interest rates needs to hit 2% or less. Prefrably by Christmas - definetly by Easter.

[TykeMerc]

Why would Cybercretin be interested? He has no mortgage, and his properties are worth five times what he paid for them, based on what an estate agent told him once.

I do wish you'd pay attention - haven't you realized what an economics genius we have in our midst?

He does have a mortgage according to one of his recent smug posts about his rate dropping, apparently he's got positive equity to a factor of 5 over his mortgage.

Of course he's a genius, he's a Tory and they're infallible.

[TheFaQQer]

Why would Cybercretin be interested? He has no mortgage, and his properties are worth five times what he paid for them, based on what an estate agent told him once.

I do wish you'd pay attention - haven't you realized what an economics genius we have in our midst?

[Mich the Tester]

They’re bankers; they’ve got to parasitize somebody to get their bonuses in now that their credit-default-derivative-option-swap-pyramid-scheme market’s collapsed.

[DimPrawn]

http://www.guardian.co.uk/money/2008...gages-property

There were further signs today that the recent interest rate cut will not lead to cheaper mortgages as the UK's biggest building society announced it was raising rates on its loans for the second time in just over a week.

Nationwide building society said it would be adding between 0.24% and 0.6% to the cost of its tracker deals, which have an interest rate pegged to the Bank of England's base rate.

A previous round of price rises last Tuesday added 0.3% to the cost of these loans. When the new changes come into effect tomorrow a three-year tracker-deal for a borrower with at least a 40% deposit will cost 6.18%. Last Monday the same deal cost 5.64%.

Borrowers with the smallest deposits will see the biggest price rises, with the society increasing the tracker margin on large loans by up to 0.6%.

On the society's lifetime tracker deal, borrowers with less than 25% to put down will pay a margin 2.03% above the base rate - an increase from the current margin of 1.43%.

On the three-year deal the margin will be increased from 1.49% to 2.08% for borrowers with deposits between 10% and 15%.

The two rounds of increases are enough to more than offset the 0.5% fall in the Bank of England base rate, which Nationwide will pass on to borrowers from November 1.


Keep dreaming.