We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

Debate House Prices


In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Interest Rates going nowhere fast

gus
gus Posts: 23 Forumite
in Debate House Prices & the Economy
It seems that markets are predicting the next increase in the BOE base rate in MAY 2015

http://www.thisismoney.co.uk/money/news/article-1607881/Interest-rates-News-predictions.html

The lost decade...
«1

Comments

  • macaque_2
    macaque_2 Posts: 2,439 Forumite
    gus wrote: »
    It seems that markets are predicting the next increase in the BOE base rate in MAY 2015

    http://www.thisismoney.co.uk/money/news/article-1607881/Interest-rates-News-predictions.html

    The lost decade...

    From the article:
    "So when will the MPC make the first move?"

    This ignores the elephant in the room and it is more likely that the market will make the first move as happened in Iceland, Ireland, Greece, Portugal, Spain and Italy. In the space of 12 months, the UK growth forecast has been slashed and government's efforts to cut spending have fallen woefully short of expectations.

    If the markets decide they will only lend to UK PLC at 10% interest rates, the MPC will be powerless to resist.
  • SecondLegDownIsTheBigOne
    SecondLegDownIsTheBigOne Posts: 334 Forumite
    Meanwhile, mortgage interest rates are on the up as soon as the New Year. The next leg down is here.
    1. The house price crash will begin.
    2. There will be a dead cat bounce.
    3. The second leg down will commence.
    4. I will buy your house for a song.
  • JonnyBravo
    JonnyBravo Posts: 4,103 Forumite
    Mortgage-free Glee!
    edited 8 December 2011 at 10:40AM
    Oh dear gus. Your message doesn't "fit" and you'll now have a lot of frothing.
    The monkey type fella knows the key word....... "If". That's not to say he's wrong but clearly it's not quite as certain as they proclaim.
    The other one.... well.... you only need look at his join date and all becomes clear.
  • purch
    purch Posts: 9,865 Forumite
    Markets do not predict, nor do swap rates.

    They trade, and the prices indicate something, but in no way is it a prediction of any kind.
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • abaxas
    abaxas Posts: 4,141 Forumite
    purch wrote: »
    Markets do not predict, nor do swap rates.

    They trade, and the prices indicate something, but in no way is it a prediction of any kind.

    What a load of !!!!!!.

    Anything which moves from the present to future has some format of prediction is it. It may not be a prediction itself, but has it has be based on one.
  • MrRee_2
    MrRee_2 Posts: 2,389 Forumite
    No Interest Rate hike =

    No House Price falls

    It's painfully simple ....
    Bringing Happiness where there is Gloom!
  • Sibley
    Sibley Posts: 1,557 Forumite
    Ninth Anniversary Combo Breaker
    It seems that markets are predicting the next increase in the BOE base rate in MAY 2015

    Blimey hope thats not true. 2020 would be better IMHO.
    We love Sarah O Grady
  • shortchanged_2
    shortchanged_2 Posts: 5,546 Forumite
    Sibley wrote: »
    Blimey hope thats not true. 2020 would be better IMHO.

    If you need interest rates to stay that low for that long sibbers, then you are well and truly in the sh*t aren't you.

    No wonder you are so keen on ramping up the property market.
    Why are we here?......................because we are not all there.
  • System
    System Posts: 178,416 Community Admin
    10,000 Posts Photogenic Name Dropper
    SecondLegDownIsTheBigOne wrote: »
    Meanwhile, mortgage interest rates are on the up as soon as the New Year. The next leg down is here.

    Proper millipede this thing, I make this the 142nd leg down now.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    Joeskeppi wrote: »
    Proper millipede this thing, I make this the 142nd leg down now.

    We have seen more second leg downs on here than the space next to Heather Mills's bed.
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
  • 353.8K Banking & Borrowing
  • 254.2K Reduce Debt & Boost Income
  • 455.2K Spending & Discounts
  • 246.9K Work, Benefits & Business
  • 603.4K Mortgages, Homes & Bills
  • 178.2K Life & Family
  • 260.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K 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.
Update Your Picture