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Why i think Interest Rates won't go up
Comments
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I think that this thread has been safely put to its death.
We're all in agreement then, interest rates to go higher yet.
If there is still any arguments for interest rates to go down, then lets hear them. But as far as I'm concerned we're in for a definite 0.25% interest rate rise in July if not August, and we'll go on to hit 6% and possibly 6.25%. Evidence (Of which there is a distinct lack of for the arguments for interest rates to fall) suggest that 6.25% is indeed likely. The graph in the link below is the swap rates (A future prediction of interest rates in simple terms)
http://www.swap-rates.com/UKSwap_extended.htmlI can take no responsibility for the use of any free comments given, any actions taken are the sole decision of the individual in question after consideration of my free comments.
That also means I cannot share in any profits from any decisions made!;)0 -
Quote:
Originally Posted by KingKenny
It's out of control, we should be ahead of the curve, not way behind it!!!!!!!! This is going to get very messy.
Rates peaking at 6.5%, you are having a laugh, anything is possible in the future, 8%, 9%, 10%, we are just at the beginning of this hiking process based on the M4 money supply?
Oh look how high interest rates were around 1998, I'm sure they will never go that high again though, Tony 'n' Gordon wouldn't let it happen...NO BOOM AND BUST,boom is over now awaiting for a bust
Merve's had bad dreams over last few days --- he's realized the game's up! ....
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Oh, now I understand. One of them has a BTL that he/she can let you have at a bargain price, right?not yet, but i am seriously considering becoming one !
I just end up being stuck in court, listening to other lawyers who have 'friends in high places', who all seem to 'be in the know' about these things. And well, alot of it made sense to me...so i thought i'd share it with you guys.
~M~0 -
If im correct a criminal defense lawyer has, by law, got to put up a defence for someone even if they know they are guilty yeah?
So basically you are paid to lie and talk bollox!
You'll forgive me for not taking your advice then eh
Your post count tells me how often you get out to actually experience real life.
Your ignorant comment, tells me how stupid you are.
Don't try to act clever, with derogatory remarks, about issues you have no knowledge of...it makes you look very very stupid.
~M~I am a Criminal Defence Lawyer, so if you need any legal advice, don't hesitate to ask.
NB - I don't know anything about Civil Claims, County courts or Conveyancing etc etc...just Crime !
~Always on the lookout for a good deal~0 -
Your post count tells me how often you get out to actually experience real life.
Your ignorant comment, tells me how stupid you are.
Don't try to act clever, with derogatory remarks, about issues you have no knowledge of...it makes you look very very stupid.
~M~
How about responding to ALL of the counter arguments raised since your original post? Or like I posted earlier, is this thread dead now since we're all in agreement about rate rises? :rolleyes:I can take no responsibility for the use of any free comments given, any actions taken are the sole decision of the individual in question after consideration of my free comments.
That also means I cannot share in any profits from any decisions made!;)0 -
not yet, but i am seriously considering becoming one !
I just end up being stuck in court, listening to other lawyers who have 'friends in high places', who all seem to 'be in the know' about these things. And well, alot of it made sense to me...so i thought i'd share it with you guys.
~M~
Yep lots of people are up their own bum and think they know more then they actually know. Knowbody knows what will happen as no body can see into the future however it is commonly believed by the majority of people with an interest in economics is that house prices are fuelled by low interest rates and affordability and when interest rates go up affordability is likely to go down.0 -
I think 6% is just the start rates are now on an upward trend.0
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Fixed rates are set by the bond market. Gilts prices have risen. Therefore fixed rates will rise.
Floating rate mortgages are set with reference to LIBOR. This (usually) is very close to the BoE base rate. However, the base rate will tend towards the long term rate implied by gilt prices. Thus we can expect floating rates to rise too but that's not guaranteed.0 -
Fixed rates will be set by the bond market. Gilts prices have risen. Therefore fixed rates will rise.
Floating rate mortgages are set with reference to LIBOR. This (usually) is very close to the BoE base rate. However, the base rate will tend towards the long term rate implied by gilt prices. Thus we can expect floating rates to rise too but that's not guaranteed.
Does Big Bank think rates are going up next month?"Mrs. Pench, you've won the car contest, would you like a triumph spitfire or 3000 in cash?" He smiled.
Mrs. Pench took the money. "What will you do with it all? Not that it's any of my business," he giggled.
"I think I'll become an alcoholic," said Betty.0 -
Last time I checked they reckoned hold until end of forecasting period but they've gotta be the last ones in the City I would think. The last of the really big guys anyway
They were also predicting cuts in the US until very recently although they'e changed that stance to rates on hold.
I've not seen their predictions since the fall (not rise, my mistake) in gilt prices (lower gilt price=higher yield = higher interest rate paid on that gilt) but it wouldn't surprise me if they change their minds. That's the joy of making actual dated, precise predictions, you can be proved right or wrong very easily.0
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