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Debate House Prices


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FED cuts rate

245

Comments

  • djm1972
    djm1972 Posts: 389 Forumite
    So how on earth do tracker mortgages (I assume these exist in the US) handle a variable rate?
  • ad44downey
    ad44downey Posts: 2,246 Forumite
    So the USA will be joining the UK in hyperinflation land in a few years' time .At least there'll be someone to keep us company I suppose.
    Krusty & Phil Madoff, 1990 - 2007:
    "Buy now because house prices only ever go UP, UP, UP."
  • tradetime
    tradetime Posts: 3,200 Forumite
    free4440273 wrote: »
    Dow holding up reasonably well; gonna be a case of Sell the news...
    Hopefully we can get a nice carry through the holiday season into new year, would set up a nice short opportunity.
    Hope for the best.....Plan for the worst!

    "Never in the history of the world has there been a situation so bad that the government can't make it worse." Unknown
  • Gorgeous_George
    Gorgeous_George Posts: 7,964 Forumite
    Part of the Furniture Combo Breaker
    djm1972 wrote: »
    So how on earth do tracker mortgages (I assume these exist in the US) handle a variable rate?

    Errm... they'd track it.

    GG
    There are 10 types of people in this world. Those who understand binary and those that don't.
  • pickles110564
    pickles110564 Posts: 2,374 Forumite
    djm1972 wrote: »
    So how on earth do tracker mortgages (I assume these exist in the US) handle a variable rate?

    Dim we are in truble now
  • pickles110564
    pickles110564 Posts: 2,374 Forumite
    Masomnia wrote: »
    Crazy times.

    Maybe the pound could make a slight recovery on the dollar now?

    No chance brown has already written Queens speech for 0.75% Rate giveaway on Christmas Day
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    bubblesmoney wrote: »
    and gun purchases to protect the safes i assume. just as discribed in one of the links recently on this board about what happened in argentina after their collapse

    They have the guns already:D
    '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
  • mr.broderick
    mr.broderick Posts: 3,778 Forumite
    1,000 Posts Combo Breaker
    free4440273 wrote: »
    some would argue real rates are indeed negative: massive purchases recently of - I kid u not - Safes in the USA.

    Post of the day we have had one installed in the concrete floor in the garage, damn i knew i shouldn't have voted on ndg's new poll tonight ...;)
  • Paulgonnabedebtfree
    Paulgonnabedebtfree Posts: 2,740 Forumite
    ad44downey wrote: »
    So the USA will be joining the UK in hyperinflation land in a few years' time .At least there'll be someone to keep us company I suppose.

    Guess we'll have to go and steal some more oil. Oh hang on. That's not worth much now either. Damn. I forgot. Iran might have nukes soon. Better not nick their oil then. Have to pick on someone else's. Has Scotland got any left?
  • kje_2
    kje_2 Posts: 82 Forumite
    Soon, 0.01% interest on your current account will lead the best savings tables.

    Well, my Smilemore current account is paying a hefty 0.12% AER. This is down from 0.28% AER. Luckily, they didn't pass on the whole 1% drop ! Strangely enough, the credit card and ovedraft rates haven't dropped...
This discussion has been closed.
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