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Debate House Prices


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BOE Base = 2%

24567…15

Comments

  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    formulaonefan wrote: »
    they have done it again! interest rate at 2% but mortgages aren't coming down! what a waste!!!

    Depends who you are with.:o
  • Kez100
    Kez100 Posts: 2,236 Forumite
    There are a lot of trackers out there that will fall.

    I don't think they will be low for long.

    I haven't yet seen my 0.5% fall and I am on a tracker. That affects my interest this month and next month, January, I will see the 1.5% fall. This 1% will only affect me in Februarys mortgage payment.

    I overpay and pay a fixed amount, so it's of no consequence to me, but it is to many and the economy hasn't really seen the effect of those who are due the cut and will spend it. There is always a long lag.

    Once spending restarts or we print money then inflation will take off and so will the rates again. IMO.
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    Kez100 wrote: »
    I don't think they will be low for long.

    I haven't yet seen my 0.5% fall and I am on a tracker. That affects my interest this month and next month, anuary, I will see the 1.5% fall. This 1% will only affect me in Februarys mortgage payment.

    I think they will be below 5% for at least two years.
    Depends how long you think not to long is.
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I was cooking beans on toast when it was announced.
    I scraped the beans back into the can .... can't be having such extravagences now!
    :)
  • Kez100
    Kez100 Posts: 2,236 Forumite
    Really2 wrote: »
    I think they will be below 5% for at least two years.
    Depends how long you think not to long is.

    I'm thinking year max. Just have a feeling inflation will take off, that's all.
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    PasturesNew wrote: »
    I was cooking beans on toast when it was announced.
    I scraped the beans back into the can .... can't be having such extravagences now!
    :)

    Best just have the bread and save the electric.;)
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Really2 wrote: »
    As expected really

    Really, Really!
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • kennyboy66_2
    kennyboy66_2 Posts: 2,598 Forumite
    Wonder if the people who greeted the HBOS house price falls with cheers will greet this with the same joy.

    After all, its 2 sides of the same coin.

    I doubt interest rates will be moving up much while house prices continue to fall.


    * kicks self for being on a fixed rate for the next 21 months *
    US housing: it's not a bubble

     Moneyweek, December 2005
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    Kez100 wrote: »
    I'm thinking year max. Just have a feeling inflation will take off, that's all.

    recession is priority even if inflation did take off they would want signes of us coming out of resession before rates go up.
    Deflation is more likely than inflation at the moment.
    Dont be surprised if you are still looking at under 2.5% this time next year.
  • space_rider
    space_rider Posts: 1,741 Forumite
    PasturesNew wrote: »
    I was cooking beans on toast when it was announced.
    I scraped the beans back into the can .... can't be having such extravagences now!
    :)

    Surely you`re not that bad off. I was going to have beans on toast and now thinking that maybe I should splash out and go to the chip shop.
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