RICS Say it's close to bottoming

Lindy_Loo_3

StevieJ wrote: »

You good at Poker Lindy ?

I like to think I am . . . . . the OH would disagree

lostinrates

Lindy_Loo wrote: »

I like to think I am . . . . . the OH would disagree

I like the DH to think I'm not. That's what makes me good.

As it haooens, I'm not, but he doesn't need to know that I know that I'm not. That also makes me good.

inspector_monkfish

lostinrates wrote: »

I like the DH to think I'm not. That's what makes me good.

As it haooens, I'm not, but he doesn't need to know that I know that I'm not. That also makes me good.

aaah, but does he know, that you know, that he doesn't know, that you know your not good ?;)

lostinrates

inspector_monkfish wrote: »

aaah, but does he know, that you know, that he doesn't know, that you know your not good ?;)

:T:T:T

not that I know, no.

inspector_monkfish

lostinrates wrote: »

:T:T:T

not that I know, no.

good work.
you can't lose!

Really2

Cat695 wrote: »

But it would be nice to see how many people are actually taking LONG term ones (to me long term means over 5 years) because I just have this feeling those that have only taken the 2-3 year ones are going to have a little shock when it comes to remortgaging......as no way are interest rates going to stay this low that long....and if HP stay as they are then they won't have gained much LTV

money needs to be clawed back by the banks (including the QE cash from the BOE) interest rates may not rise this year or even next but you can bet they will rise soon enough in time for people remortgaging.

and so back to square one....

lets just hope people are over paying mortgages whilst on their cheap fixed rate

So what was the average fixed rate when base rate was around 5%?

By the time we have recoverd rates will be far closer to BOE base than they are now.

inspector_monkfish

Really2 wrote: »

So what was the average fixed rate when base rate was around 5%?

By the time we have recoverd rates will be far closer to BOE base than they are now.

difficult to say exactly
we were stuck at 5pct for a full 6mths from April to October 2008

and at 5pct and above from November 2006 to October 2008
peaking at 5.75 from July-Dec 2007

Really2

inspector_monkfish wrote: »

difficult to say exactly
we were stuck at 5pct for a full 6mths from April to October 2008

and at 5pct and above from November 2006 to October 2008
peaking at 5.75 from July-Dec 2007

sorry i was being a bit naughty.

2/3 year fixes have been not far off 3 month libor rates historically. The recent crisis as caused that to decouple but in reality if the banks are making money again and BOE base goes up we should again see fixed rates very near 3 month Libor

inspector_monkfish

Really2 wrote: »

sorry i was being a bit naughty.

2/3 year fixes have been not far off 3 month libor rates historically. The recent crisis as caused that to decouple but in reality if the banks are making money again and BOE base goes up we should again see fixed rates very near 3 month Libor

yay, we'd all fix at 1.25pct (current 3mth libor) right now if we could !!
that would be marvellous!!

come on lenders... bring back 3mth libor linked mortgages !

StevieJ

chewmylegoff wrote: »

FT.com just published an article - no point linking to it as you need to subscribe:

Celebrate that if you like. Sounds well peeved

Reads like, written by someone from HPC.co.uk I wonder.

From the same article, To be fair it is Lex who is pretty good. I wonder if he has gone STR

Two year futures for the Halifax house price index, which notched up an unexpected, and perhaps one-off, rise last month, no longer suggest a further fall of the order of 20-25 per cent, but merely one of about 10 per cent

Moving in the right direction