Interest rates direction

mayonnaise

Jonbvn wrote: »

SO do you know anyone like that perhaps?;)

Yeah. Renoman. But he hasn't been seen since Sheriff Devon and Marshall Shortbrained pistol-whipped him at MSE corral....

Ronaldo_Mconaldo

If we're doing comparisons; we bought our house in 2008 at 5.83% for 5 years, remortgaged in 2013 at 3.49% for 2 years and I've just signed us up to a new rate from April of 2.29% for a further 2 years. If you add the two lower rates together they come to slightly less than the rate we started out with! At the start we were paying about £500 (!) a month in interest and from April it should be about £110 a month in interest.

shortchanged_2

mayonnaise wrote: »

Yeah. Renoman. But he hasn't been seen since Sheriff Devon and Marshall Shortbrained pistol-whipped him at MSE corral....

I know even you aren't that stupid mayo. You know perfectly well that MFW_ASAP is the latest reincarnation of renoman.

Jack_Johnson_the_acorn

shortchanged wrote: »

I know even you aren't that stupid mayo. You know perfectly well that MFW_ASAP is the latest reincarnation of renoman.

Try and keep on topic shortbrained, you're going to derail the thread.

jayson043

Interest rates will go up. Either the BoE will raise them, but given low levels of inflation, I can't see that happening, OR deflation will result in higher REAL interest rates.

MFW_ASAP

By the time rates go up to pre-GFC levels, most of the Class of 2010 mortgage holders will be mortgage free. It's a brilliant result for the ordinary man in the street, especially if their pensions have doubled on the back of QE and Tesco

God bless us. Every one.

Thrugelmir

jayson043 wrote: »

Interest rates will go up. Either the BoE will raise them, but given low levels of inflation, I can't see that happening, OR deflation will result in higher REAL interest rates.

Or interest rates will adjust of their own accord. As monetary conditions progressively tighten. Greece in itself isn't a problem. The consequences of others following Greece's lead most certainly will be a problem. For every debtor there is a creditor.