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Experts... Price to fall in 2011

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Comments

  • Malcolm.
    Malcolm. Posts: 1,079 Forumite
    IveSeenTheLight wrote: »
    It's a nigh on certainty that at some point the BoE base rate will go up.
    It's clear however that they think that this will occur after a longer period given they are reducing their long term fixes.

    Someone posted a 10 year fix from 5.2%.
    I've seen 5 year fixes from 4.19%
    That's a pretty clear indicator for me of where they think rates will be over that timeframe..

    Hi ISTL, AIUI the fixed mortgage rate reflect demand for the underlying debt, demand is impacted by a variety of factors (e.g. customer demand for fixed rate savings, market demand for packaged mortgage debt), rather than one institutions thoughts on the future of BoE base rates.
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    Graham_Devon wrote: »
    It's all based on LIBOR isn't it?
    SVR's and trackers are off Libor rates - Libor Rates are 1 day to 1 year rates. mortgage rates are this plus the banks margin.

    fixed rates generally work off swap rates that can go from 1 year to 30 years. some people will argue that this is a grouping of Libors. as Malcom says these rates are driven by the price for debt in that currency. banks generally buy tranches of money on these markets add their margin and this your fixed rate.
  • Exocet
    Exocet Posts: 744 Forumite
    I love Google.
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    edited 13 July 2010 at 8:52PM
    Exocet wrote: »
    I love Google.
    good for you mewbie... i can still see that you can't leave your obsession with me alone.

    do you realise that you'll be gone and PPR'd again soon - shame that...

    chin up though - you'll be back again trying to get score your points...
  • Exocet
    Exocet Posts: 744 Forumite
    chucky wrote: »
    good for you mewbie... i can still that you can't leave your obsession with me alone.

    do you realise that you'll be gone and PPR again soon - shame that...

    chin up though - you'll be back again trying to get score your points...
    What? Are you mad? I am me, not newbie.

    edit: I do love Google though. Better than knowledge in some ways.
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    chucky wrote: »
    good for you mewbie... i can still that you can't leave your obsession with me alone.

    do you realise that you'll be gone and PPR again soon - shame that...

    chin up though - you'll be back again trying to get score your points...

    I hope you are drunk.
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    Graham_Devon wrote: »
    I hope you are drunk.
    nice one Graham - but no :)

    corrected it now...
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