Where are mortgage rates going?

Crashy_Time

padington wrote: »

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?

padington

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.

Jack_Johnson_the_acorn

Same as now - 1.85%

padington wrote: »

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.

Thrugelmir

Less than 1% higher - up to 2.85%

gfplux wrote: »

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.

michaels

How long is a piece of string?

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.

Tbh they would probably have raised in November if they hadn't wanted to avoid helping either side in the election.

vivatifosi

You should track down Generali. He'll have a view on this.

michaels

How long is a piece of string?

vivatifosi wrote: »

You should track down Generali. He'll have a view on this.

s10crule

vivatifosi

Ah, but he really does have a view on this. I saw him talking about it on a different forum.

Conrad

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 CLUE

Crashy_Time

padington wrote: »

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.