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Length of Mortgage

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  • poppy10_2
    poppy10_2 Posts: 6,597 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Use 6.5% as the figure in your mortgage calculations - IR's are unlikely to go much higher than this.
    poppy10
  • danm wrote: »
    yep, rates go up and house prices fall.

    err, except for the last two years

    If IRs hadn't risen, house prices would have been even higher than today. I think we're riding the crest of a wave. Will another wave come along and keep us aloft? Or?

    :)

    GG
    There are 10 types of people in this world. Those who understand binary and those that don't.
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