Historial interest rates.

fivemice

Does anyone know where I can find out the interest rates for the last 10-20 years or so?

Thanks in advance..

fivemice

Oh nevermind, have found it now.

http://www.moneyextra.com/dictionary/Interest-rate-history-003455.html

for anyone else who is interested.

Glad I didn't have a mortgage in Sept of '92 - 10% jumping to 12% in one go? Ouch!

Ian_W

Ah! I remember it well!!

http://en.wikipedia.org/wiki/Black_Wednesday

Lamont threatened to go to 15%, :eek: though never did, but luckily we'd just signed up for an 11 point something fixed so we were OK. Fixed and discounts had only recently appeared so most, probably 90%, were on SVR which like to-day was 1-2% above BBR.

Watched it on CNN at a conference in Spain, was sooooo glad we were fixed but it cost us a few grand a few years later to buy out of it.:mad: Lots of folk don't realise how settled our economy has been for the last dozen years or so.

talksalot81

http://www.bankofengland.co.uk/statistics/rates/baserate.pdf

That will give you a rather more complete data set. The data is interesting and all that but dont forget there have been major changes in the way the rates are set. Also you should not get carried away with 'how much higher' rates once were. Around the time of the last crash, rates rose from 10% to about 15%. That is a 50% rise. In reality, we have actually seen rates rise from 3.5 up to 5.25% in the last 3 years which is again a 50% rise. In both instances, interest only repayments would have risen by 50%.