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Why are mortgage rates so high?
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prothet_of_doom wrote: »
i keep asking "why are mortgage rates so low?"
surely not0 -
There is going to be a generation of people that think this is the norm. They are in for a shock when rates return closer to the long term average of 7%.
So 4.98% over 10 year would have been a sensible option when the average for the previous ten years was 7%
Shame we dont all have the same crystal ball.
I can't help thinking that maybe we should put the Food Standard Agency in charge of the finance sector.0 -
jonesoswestry wrote: »So 4.98% over 10 year would have been a sensible option when the average for the previous ten years was 7%
Shame we dont all have the same crystal ball.
I can't help thinking that maybe we should put the Food Standard Agency in charge of the finance sector.
You can't have your cake and eat it. FSA regulations and all that...
I am a mortgage adviser.You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
jonesoswestry wrote: »So 4.98% over 10 year would have been a sensible option when the average for the previous ten years was 7%
Shame we dont all have the same crystal ball.
I can't help thinking that maybe we should put the Food Standard Agency in charge of the finance sector.
Oh yes - the horse meat and 'sugar free' peopleI am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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