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Bank of England - Interest rate - is it going up?

UK007BullDog
UK007BullDog Posts: 2,607 Forumite
Part of the Furniture 1,000 Posts Combo Breaker
in Mortgages & endowments
Do you think the interest rate will rise on the 11.01.2007 or stay the same or even fall? Currently at 5.00%.

Bank of England Interest rate change 11.01.2007 27 votes

It will stay the same
37%
Xbigmanzag2mePoppycatroswellUK007BullDogGorgeous_Georgedouble_d77nanoosjuliette32hungary97_2 10 votes
It will go up
55%
CraigDavidpipeeOptimistkjl26steve_r123blissfulbabeAndyC111krate_2Guy_MontagPosterBoy77ballandchain_2malcindebtthepikingpiratepioneerbeakerange 15 votes
It will go down
0%
Don't know / no idea
7%
Robert_Sterlingmee_2 2 votes
«1

Comments

  • double_d77
    double_d77 Posts: 57 Forumite
    It will stay the same
    I think will stay the same!

    It would be nice if it did go down, but with the no smoking laws coming in the gov need to get a bit of money back from people who stop! like me!

    Dave
  • UK007BullDog
    UK007BullDog Posts: 2,607 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    It will stay the same
    No one got an opinion on this?
    Everyone has an opinion on if a house crash is coming or not. What about the interest rate. Do you think it will change tomorrow?
  • Guy_Montag
    Guy_Montag Posts: 2,291 Forumite
    1,000 Posts Combo Breaker
    It will go up
    I stuck my tick in the it will go up box. If it doesn't this month Feb is a certainty. CPI is highest since it's been used as the IR setting figure & Christmas sales figures were strong. Wage inflation is on the way up, & HPI is running at 10% it's a just a question of this month or next.
    "Mrs. Pench, you've won the car contest, would you like a triumph spitfire or 3000 in cash?" He smiled.
    Mrs. Pench took the money. "What will you do with it all? Not that it's any of my business," he giggled.
    "I think I'll become an alcoholic," said Betty.
  • Xbigman
    Xbigman Posts: 3,918 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    It will stay the same
    My money is on a Feb rise. I can't see any downward pressure right now but the MPC does like to make slow considered moves, so not this month.
    Regards



    X
    Xbigman's guide to a happy life.

    Eat properly
    Sleep properly
    Save some money
  • Poppycat
    Poppycat Posts: 19,899 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    It will stay the same
    I dont think it will go up, possibly in Feb

    Can anyone tell me as I have a new mortgage for fixed 2 years at a capped rate, if theres a rise before I take the mortgage offer will that reflect on that mortgage offer or not?

    As its for two years does it also apply for day one I move in or when I get the mortgage offer, thanks I have so much going on at mo.
  • Robert_Sterling
    Robert_Sterling Posts: 2,207 Forumite
    Don't know / no idea
    Maybe it will go up
    Maybe it will not go up.
    ..
  • zag2me
    zag2me Posts: 695 Forumite
    Part of the Furniture Photogenic Combo Breaker
    It will stay the same
    Surely they will wait for the inflation data?
    Save save save!!
  • CraigDavid
    CraigDavid Posts: 214 Forumite
    Part of the Furniture
    It will go up
    So it's gone up to 5.25%. I'm glad as I've just taken out a new fixed rate mortgage for 2 years.
  • Tom_Saunders
    Tom_Saunders Posts: 436 Forumite
    why are you glad ? you can be pleased your have just fixed yourself but why does a rise make you glad ?
    nothing.
  • mhay_3
    mhay_3 Posts: 72 Forumite
    he is happy he has just got a decent deal, that's why. maybe this will see the start of a house price crash?
    I am a Mortgage Adviser

    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
This discussion has been closed.
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