Breaking news: Interest rates stay where they are

Graham_Devon

http://www.bbc.co.uk/news/business-13293991

UK interest rates have been kept at the record low of 0.5% again by the Bank of England's Monetary Policy Committee.
Data this week pointed to a slowdown in growth in manufacturing, construction and services, which economists took as a sign that the Bank would not change rates with the recovery still weak
This is despite the fact that inflation is currently at 4%, double the Bank's target rate.

BOBS

Goodness another month!! - its great for us with tracker mortgage

Dan:_4

Long may it continue!

Bolloc.ks to inflation - So far I have saved thousands on mortgage payments.

sarkin1

house prices droping, mortgages still cheap. good news all round

abaxas

sarkin1 wrote: »

house prices droping, mortgages still cheap. good news all round

* and standard of living falling.

Great news. NOT

sarkin1

my standard of living is going up

Dan:_4

abaxas wrote: »

* and standard of living falling.

...for you maybe

Sibley

To be honest it wouldn't make a scrap of difference to me if house prices went up or down 20% overnight. I'm not selling so what does it matter?

However, rates staying low is everything.

This is actually putting thousands in my pocket. I've bought a new car with the difference in my mortgage. I'm still overpaying as well. It's happy days for sure.

I'd rather prices dropped and interest rates stayed low for years.

No good to me knowing my house is worth X amount if I'm walking around with empty pockets. I like having the dosh in my hand now.

I'll sell when prices rise. That will only be a matter of time. Win win and you know it.

Jimmy_31

Sibley we all know that you have bought a new car.

geneer

Sibley wrote: »

However, rates staying low is everything.

Congrats on benefiting from the emergency measure required because of the economic meltdown you never saw coming.

Low rates are still a pretty sweet deal for those who bought or are planning to buy post crash of course.

doire_2

Sibley wrote: »

To be honest it wouldn't make a scrap of difference to me if house prices went up or down 20% overnight. I'm not selling so what does it matter?

However, rates staying low is everything.

This is actually putting thousands in my pocket. I've bought a new car with the difference in my mortgage. I'm still overpaying as well. It's happy days for sure.

I'd rather prices dropped and interest rates stayed low for years.

No good to me knowing my house is worth X amount if I'm walking around with empty pockets. I like having the dosh in my hand now.

I'll sell when prices rise. That will only be a matter of time. Win win and you know it.

Like a broken record................