📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Guess the rate date challenge...

Options
17810121319

Comments

  • I don't think I've posted yet on this thread...
    but I'm going to say January 2012 up to 0.75 and a grand total of 1.25 by December 2012. Just a guess though :)
    Feb 2012 - onwards MF achieved
    September 2016 - Back into clearing a mortgage - Was due to be paid off in 32 years in March 2047 -
    April 2018 down to 28.00 months vs 30.04 months at normal payment.
    Predicted mortgage clearing 03/2047 - now looking at 02/2045

    Aims: 1) To pay off mortgage within 20 years - 2037
  • financialbliss
    financialbliss Posts: 1,951 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    I don't think I've posted yet on this thread...
    but I'm going to say January 2012 up to 0.75 and a grand total of 1.25 by December 2012. Just a guess though :)

    Great. Wasn't sure anyone was following this thread anymore...!

    Just about to update MPC voting graph - I'll get you added and the dates graph updated too.

    FB.
    Mortgage and debt free. Building up savings...
  • cha97michelle
    cha97michelle Posts: 5,818 Forumite
    Part of the Furniture
    Course we follow - there is just not a lot to talk about unless it is the 1st Thursday of the month. I bet no-one really minds being wrong in this challenge.
  • You're right michelle! I'll happily be proved wrong :) For another year and a half would be ideal. By that time, I should be mortgage free and loving life even more than I do currently with the pressure off.
    Feb 2012 - onwards MF achieved
    September 2016 - Back into clearing a mortgage - Was due to be paid off in 32 years in March 2047 -
    April 2018 down to 28.00 months vs 30.04 months at normal payment.
    Predicted mortgage clearing 03/2047 - now looking at 02/2045

    Aims: 1) To pay off mortgage within 20 years - 2037
  • kkgree1
    kkgree1 Posts: 328 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Newbie as well please!

    I'll go for rates to be 0.75 in Feb 2012 followed by 1.00 by the end of 2012.

    We're on a tracker so watching rates like a hawk.
    Mortgage free wannabe
    Mortgage (November 2010) £135,850
    Mortgage (November 2020) £4,784
  • Course we follow - there is just not a lot to talk about unless it is the 1st Thursday of the month. I bet no-one really minds being wrong in this challenge.

    Yep, Im more than happy to have had my name crossed off on this one :j
    Im now going to agree with originalmiscellany - up 0.5% Jan12
  • curlygirl1971
    curlygirl1971 Posts: 1,367 Forumite
    Part of the Furniture Combo Breaker
    Of course we follow FB. Your posts are well written, thoughtful and informative without being boring and lifeless. I'd go so far as to say you're one of my MFW-gurus. I've often scurried away and thought 'oh I'm going to do that with my figures'.

    Please put me down for October 2011, rise to 1%. COMPLETE speculation with a lump of optimism stirred in. Which is a contrast to my Mortgage spreadsheet where I have 0.25% increases starting as from next month and occuring every couple of months until the rate hits 10% :eek:........just to be on the safe side. I have a small mortgage so am fairly comfortable seeing the consequences of this on a spreadsheet and it's a comfort to know that (largely due to OP'ing) I can afford my Standard Repayments even if BOE goes up to 10%.

    You're probably right....I need to get out more.
  • Engeroosi
    Engeroosi Posts: 493 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    I will join in with a prediction of Feb 2012 a raise of .25 then possibly july upto 1%.
  • Yep, Im more than happy to have had my name crossed off on this one :j
    Im now going to agree with originalmiscellany - up 0.5% Jan12

    What a good choice Tabatha!
    Feb 2012 - onwards MF achieved
    September 2016 - Back into clearing a mortgage - Was due to be paid off in 32 years in March 2047 -
    April 2018 down to 28.00 months vs 30.04 months at normal payment.
    Predicted mortgage clearing 03/2047 - now looking at 02/2045

    Aims: 1) To pay off mortgage within 20 years - 2037
  • kingster2069
    kingster2069 Posts: 105 Forumite
    I think it will be interesting to see how the new member has voted. I'm guessing that with the ECB about to raise rates next month then the BoE will follow suit sooner rather than later. I'm guessing October will see a 0.5% rise, steadily increasing to 2% by the end of 2012.
    But then again I would have thought they would have gone up by now. I feel sorry for the people with savings.
    Mortgage Free Date
    [STRIKE]Original: Jun 2041[/STRIKE], Current:Nov 2022, Target: Oct 2020
    Debts
    [STRIKE]2010/02 £14,500[/STRIKE], 2011/02 £13,000, Target 2012/01 £0K
    11k in 2011 challenge #32 4.8%
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.1K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244.1K Work, Benefits & Business
  • 599.1K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.