We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
interest rates
Options
panic_2
Posts: 17 Forumite
confused not sure if ive got this right
Everyone is saying that the BoE interest rates are going down and will stay down
With a fixed rate mortgage-if the BoE interest rate drops u lose,the bank wins.if it rises u win,the bank loses. the banks dont like to lose so they charge u to fix the rate to even up the odds
With a tracker-if the BoE rate drops u win the bank loses,if it rises u lose the bank wins
why are nationwide offering a 3 year tracker at 0.74 above the base rate and a low product fee. this has been on offer for a while
do they think that over the 3 years the base rate will average at over 5%?
is this possible seeing that everyone thinks that the rate will drop and stay low and nationwide is also a very caucious bank??????????
???????????????????????????????????????????????????????????????????
Everyone is saying that the BoE interest rates are going down and will stay down
With a fixed rate mortgage-if the BoE interest rate drops u lose,the bank wins.if it rises u win,the bank loses. the banks dont like to lose so they charge u to fix the rate to even up the odds
With a tracker-if the BoE rate drops u win the bank loses,if it rises u lose the bank wins
why are nationwide offering a 3 year tracker at 0.74 above the base rate and a low product fee. this has been on offer for a while
do they think that over the 3 years the base rate will average at over 5%?
is this possible seeing that everyone thinks that the rate will drop and stay low and nationwide is also a very caucious bank??????????
???????????????????????????????????????????????????????????????????
0
Comments
-
? 0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.2K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.2K Mortgages, Homes & Bills
- 177K Life & Family
- 257.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards