MSE News: Rate drop fuels cheap mortgage hope

Thrugelmir

brit1234 wrote: »

however the rating agencies are about to downgrade our banks ratings making it more expensive to borrow.

Banks are only partly through the deleveraging \ recapitalisation exercise.

VT82

Thrugelmir wrote: »

I'm a Corporation with £10 million pounds to deposit for a year. What rate of interest will you offer me?

Never heard a one year (or three month, or five year) deposit called a wholesale mortgage before.

ILW

Will the agency downgrades put upward pressure on rates?

buzi

apparently not due to the billions being pumped in by BOE!!

ps where is all the billions coming from thought the barrel was empty

Thrugelmir

buzi wrote: »

ps where is all the billions coming from thought the barrel was empty

Merely moving the problem down the road.

nollag2006

brit1234 wrote: »

Despite all this Bank of England flooding in I expect mortgage rates to shoot up.

You also expected house prices to fall 50% by Christmas 2009, and then again by June 9th of this month. You also proudly piled into gold last Autumn, just before the price plunged.


Let's be honest, you don't really understand economics, do you?

bigadaj

nollag2006 wrote: »

You also expected house prices to fall 50% by Christmas 2009, and then again by June 9th of this month. You also proudly piled into gold last Autumn, just before the price plunged.


Let's be honest, you don't really understand economics, do you?

To be fair property prices are artificially high, the only reason they haven't dropped is that we are into serious negative interest rate territory with qe. Cant defend him on the gold though, silly move.

nollag2006

If you are in need of a good laugh, have a look at some of her predictions on the Debate house prices board.

This one from 2008, is my personal favourite, where brit postulates with huge certainty about a 50% price crash by June 2012:
https://forums.moneysavingexpert.com/discussion/962875

How wrong can one person be?

Thrugelmir

nollag2006 wrote: »

How wrong can one person be?

"The event isn't over until the fat lady sings"...........

nollag2006

Thrugelmir wrote: »

"The event isn't over until the fat lady sings"...........

She stopped singing in April 2009, when the house price crash ended.

The current phase can best be signed up in the words of the 1980's poetic giants Yazoo:

"The only way is up"...