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Debate House Prices
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FED cuts by 0.5%
Comments
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there's a big difference between lowering rates by 1% than saying "slash rates to the bone". there's a bit of a dramatic exaggeration going on here.
We'll most probably see rates cut 100bps (a full 20%) from an 'eye watering' :rolleyes: whole five percent (oh the humanity of such punishing rates!) in the space of a month and it likely won't stop there.
Hello currency crisis!--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.0 -
Interest rates aren't just an arbitrary figure that can be raised or lowered at a whim, with no consequences.
No I agree, but there is a certain amount of "repricing of risk" going on at the moment.
Some would say correctly.
i.e. borrowing is getting more expensive independent of base rates.
There are of course consequences but that doesn't mean it won't happen.
BTW - savings rates didn't go down at the last cut (mine didn't anyway).
I'm sure they will if it's 1%, but I don't think you can make sweeping assumptions in the current market.
Nat West are currently offering 7.32% for my ISA money and I can only assume they are offering these rates as they want cash. They did not put it down in October so don't pretend anyone can predict what will happen.0 -
so don't pretend anyone can predict what will happen.
No...
But they can have a pathetic "back n forth" argument about it for ages !!!! :rolleyes:'In nature, there are neither rewards nor punishments - there are Consequences.'0 -
No...
But they can have a pathetic "back n forth" argument about it for ages !!!! :rolleyes:
Yes, well said. Differences of opinion have no place on a discussion forum.--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.0 -
Neither the reallity of interest rates falling.:rolleyes:0
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Differences of opinion have no place on a discussion forum.
I guess it's one way to get your post count up...
Keep posting the same difference of opinion over and over and over.........:eek:'In nature, there are neither rewards nor punishments - there are Consequences.'0 -
I guess it's one way to get your post count up...
Keep posting the same difference of opinion:eek: over and over and over.........
It's called having a debate.--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.0 -
It's called having a debate
:rotfl:
No.................. it's called constantly repeating the same opinion over and over again, irrespective of whatever the other person says.
That is not a debate.'In nature, there are neither rewards nor punishments - there are Consequences.'0 -
:rotfl:
No.................. it's called constantly repeating the same opinion over and over again, irrespective of whatever the other person says.
That is not a debate.
Then let's see a useful contribution from you :rolleyes:--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.0 -
See posts #44, #68 and #71
That was before the "slanging match" took over the thread. :cool:'In nature, there are neither rewards nor punishments - there are Consequences.'0
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