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interest rates have gone up
worrypants
Posts: 281 Forumite
on sky news now interest rates have gone up by 0.25% to 5.25%:eek:
I found my eutopia tee hee I live in canada yeehaa!
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Comments
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Didn't expect it quite so early in the year mind.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.0 -
A little earlier than I thought but not surprised really.
I would expect at least one more 0.25% rise before April.0 -
Thanks alot Bank of England!!The best things in life are free.....or at least discounted!!!0
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Oh, an early increase. Most were anticipating February. Stockmarket didnt like it as it wiped out early gains.
Probably suggests a further increase to come in Spring then. I wouldnt want to be someone that has overextended on their residential or buy to let mortgage(s).I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
I knew I should have fixed for longer
Looks like its going to be another case of damage limitation when my current deal ends in September. At least the overpayments should make an impact. 0 -
5.25....would be interesting to see wot peoples opinions are on where the rates will be at the end of the year...Does anyone think rates are likely to come down ever again and are we gonna just see rises for the forseeable future!!
If it does keep going higher could we see house prices coming down i wonder.0 -
Here we go, the panic threadI 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.0 -
As a saver I will go along with that.
As a saver who's emigrating this year (absent any disaster with my visa application in the near future) I'll go along with that even more
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Of course in a sensible world the rates would be more like 7-8% than 5.25%. Roll on a few more rises before I get out of here.Does anyone think rates are likely to come down ever again and are we gonna just see rises for the forseeable future!!
Depends on the Chinese and Japanese. If the Chinese start exporting inflation and the Japanese start hiking their interest rates, then we might not see rates this low again for a decade or more; if they don't and the UK economy goes into a serious recession, then rates might drop only to find that no-one can afford to borrow.0
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