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Debate House Prices
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When will UK interest rates rise? - Markets Suggest 1% is still 5 years away!
Comments
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I mentioned no one, just someone with a large mortgage.
I also expressed my opinion on what I think will happen with the base rate.
Now HB and PP are getting rather excited again.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
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Mr._Pricklepants wrote: »Calm as a homelessskilledworker, me.
But I think I'll bail out this thread now.
:wave:
OK. See you around.
Around Harry_Boyle, most likely. :hello:30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
Harry_Boyle wrote: »
I have seen a 5 year fix with First Direct at 2.69%, which is probably the sort of rate that many people are getting on their trackers (my own rate has been 2.54% for the past 3 years). No unexpected surprises and 5 years to blitz a mortgage. Top notch.
Oh my ....... that is so spooky Harry.
Our rate has also been 2.54% for the past 3 years.0 -
Harry_Boyle wrote: »
Hey Harry ..... I recognise that house, it is not far from where we live in Delph.
Is that your house ?0 -
Harry_Boyle wrote: »Then again, Japan has a huge national debt, contracting economy, falling incomes and austerity measures, so there is no comparison with the UK. Yep, our rates will go up soon.
Its the business done that will drive rates. If it was debt then we could say they'll keep issuing more, doing more QE. No problem, low rates. Why would anyone ever choose to pay more money, Im full in favour of cheap easy even free money.
Its true in the private sector also that the larger amount you borrow even unsecured, the lower the rate you can obtain.
However at some point relative to your earnings, the scope of debt becomes restricted.
Especially where you are paying back less then new debt being taken on, like UK with its budget deficit.
At some point it will matter, we do differ greatly from Japan in our earnings0
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