Officially in recession

Graham_Devon

chucky wrote: »

The usual suspects can only hope that families get thrown out of their homes so they can get a cheaper house.

Would these usual suspects incude those looking to retire to Spain etc, but holding off, awaiting a better deal through falling house prices due to economic issues?

Just wondering...

Graham_Devon

chucky wrote: »

Even though it's new mortgages it's just what I wanted.

Now that we've established that only 30%/40% of mortgages are benefiting from mortgage rates that are generally just around 1% lower, hopefully we can stop saying that we have low mortgage interest rates - mortgage rates of 4% and 5% aren't low.

Depends what you define as low really.

Will mortgage rates on average get any lower? It's highly unlikely they will.

Therefore, I'd suggest when something can't feasibly get any lower than it is, it can only be classed as low. I don't know what your definition would be however.

chucky

Graham_Devon wrote: »

Depends what you define as low really.

Will mortgage rates on average get any lower? It's highly unlikely they will.

Therefore, I'd suggest when something can't feasibly get any lower than it is, it can only be classed as low. I don't know what your definition would be however.

Trying to define low in percentages is irrelevant, you and the tin foil numpties would argue that average mortgage rates are 20% lower than 3 or 5 years ago.

More intelligent posters would define low in absolute terms looking at the difference in mortgage interest rates against the average mortgage amount. That's what I did and showed that a few posts ago where the average mortgage rate (from your numbers in your link) is £18 less for the average mortgage than it would have been.

I'm sure that went right over Shortchanged and your head but I'd expect that.

Graham_Devon

chucky wrote: »

More intelligent posters would define low in absolute terms looking at the difference in mortgage interest rates against the average mortgage amount.

Would they?

If you say so. Don't agree though, never have I heard low rates being discussed in such a manner...not even on here.

I guess the abuse means my point was valid.

chucky

Graham_Devon wrote: »

Would they?

If you say so. Don't agree though, never have I heard low rates being discussed in such a manner...not even on here.

I guess the abuse means my point was valid.

Really?? It obviously went over your head when it suits you to think that mortgage interest rates are 25% lower than 3 years ago but in absolute terms it's only £18 less a week and you don't agree. It's what's expected.

That's not subjective or even needs defining, it's fact and a mathematical calculation but then again you don't agree. Thruglmeir thanked your post so it must mean that he needs to educate himself too, neither is surprising either btw.

Graham_Devon

chucky wrote: »

Really?? It obviously went over your head when it suits you to think that mortgage interest rates are 25% lower than 3 years ago but in absolute terms it's only £18 less a week and you don't agree. It's what's expected.

That's not subjective or even needs defining, it's fact and a mathematical calculation but then again you don't agree. Thruglmeir thanked your post so it must mean that he needs to educate himself too, neither is surprising either btw.

Sorry, I have no idea what you just said, or are trying to argue here.

Your question was to prove rates were low. Proof was given. You stated they are not low, unless you are an idiot (or something, paraphasing see). I stated it's unlikely they will ever get any lower, therefore, yes, they are low....lowest they can feasibly get. You are now on about it only being a certain amount of cash.....erm...and? Does that mean rates are not low?

chucky

Graham_Devon wrote: »

Sorry, I have no idea what you just said, or are trying to argue here.

Your question was to prove rates were low. Proof was given. You stated they are not low, unless you are an idiot (or something, paraphasing see). I stated it's unlikely they will ever get any lower, therefore, yes, they are low....lowest they can feasibly get. You are now on about it only being a certain amount of cash.....erm...and? Does that mean rates are not low?

No. Your usual attempt to muddle a thread to get away from you being shown like a dithering fool is in progress.

Best leave it there as it's been explained to you a few times and it still hasn't sunk in. Re-read the posts or get yourself an education.