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Debate House Prices
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Where are mortgage rates going?
Comments
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The markets offering 2.48% on a ten year fix.
That says it all. Interest rates one day might get to 2.5% but don't expect much more than that any time soon.
https://www.uswitch.com/mortgages/remortgaging/?mortgage_search%5Brepayment_method%5D=capital_repayment&mortgage_search%5Bmortgage_type%5D=fixed&mortgage_search%5Binitial_period%5D=120&ref=guide~15704
Did you "expect" the Trump victory Padders?0 -
Less than 1% higher - up to 2.85%Crashy_Time wrote: »Did you "expect" the Trump victory Padders?
Yep. Well, called it a year ago, to a friend in the Sunday Times.
Why do you think a self interested property tycoon won't be good for property prices ?
Those 10 year market rates are post Trump election, by the way.
Trump is priced in, already.Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.0 -
Same as now - 1.85%Yep. Well, called it a year ago, to a friend in the Sunday Times.
Why do you think a self interested property tycoon won't be good for property prices ?
Those 10 year market rates are post Trump election, by the way.
Trump is priced in, already.
Don't be confusing the poor lad.
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Less than 1% higher - up to 2.85%Purely anecdotal. I was told this story today.
Luxembourg. Meeting three weeks ago (before Trump election) mortgage discussed in a general way. 2nd meeting this week getting down to specific details. Bank manager "the rates (we are offering) have risen since the American election"
Fed was discussing a rate rise well before Trump was elected. The events aren't currently correlated. Like the BOE the Fed is independent.0 -
How long is a piece of string?
Tbh they would probably have raised in November if they hadn't wanted to avoid helping either side in the election.Thrugelmir wrote: »Fed was discussing a rate rise well before Trump was elected. The events aren't currently correlated. Like the BOE the Fed is independent.I think....0 -
You should track down Generali. He'll have a view on this.Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
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How long is a piece of string?vivatifosi wrote: »You should track down Generali. He'll have a view on this.
s10cruleI think....0 -
Ah, but he really does have a view on this. I saw him talking about it on a different forum.Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
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Michael I've seen countless posts over the last 8 years telling me where rates are going.
My stance is fix at low rates and forget, 5 years I prefer but the downside is you cannot so readily release equity if you are tied in during that period - the existing lender might allow it but it can be at overly high rates (BM are a bit naughty for this), although some such as TMW I have found very good at allowing further advances, at any point after year one.
As to what they will be in 2 years - well always the answer to this question people tend to give is 'they will be higher', it's just Human nature to think this way, but NO ONE AND I MEAN NO ONE HAS A CLUE0 -
Yep. Well, called it a year ago, to a friend in the Sunday Times.
Why do you think a self interested property tycoon won't be good for property prices ?
Those 10 year market rates are post Trump election, by the way.
Trump is priced in, already.
Because he has already made his money in property and that doesn`t align with the issues he was elected on? Good luck with the cheap money forever dreams.0
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