Housing market?

SG27

MF2015 wrote: »

Good, hope Carney holds off on the interest rate increase for another month so I can secure a 10 year fix. That should just about seen me to mortgage freedom and worry free days. :beer:

Same here Im hoping to get moved into a new house and remortgage to a long term fix this summer. I cant see them raising it now been some bad news the last couple of days

Filo25

With the Q1 GDP numbers looking weak, I wouldn't be shocked if they held off on a May rise now, probably very much in the balance now.

At the start of the year I would have said 1-3 interest rises rises this year, maybe 0-2 is more realistic now, definitely seeing some patches of weakness in the UK and also EU economy, especially when compared to a relatively bullish outlook at the turn of the year.

Crashy_Time

If they don`t get some hikes in there is nowhere to cut to when the recession starts, then they look even more useless:rotfl:

buggy_boy

Crashy_Time wrote: »

If they don`t get some hikes in there is nowhere to cut to when the recession starts, then they look even more useless:rotfl:

So are you actually going to make a realistic prediction of a rate rise in May.... That is may 2018, and a BoE rate rise... Don't want you trying to move the goalposts again...

Crashy_Time

As the name implies, Carney runs a side show tent, not the Big Top


https://www.bloomberg.com/view/articles/2018-02-12/why-the-world-is-watching-u-s-interest-rates

buggy_boy

Crashy_Time wrote: »

As the name implies, Carney runs a side show tent, not the Big Top


https://www.bloomberg.com/view/articles/2018-02-12/why-the-world-is-watching-u-s-interest-rates

What a surprise you back out of actually putting your money where you mouth is... You have spent too long on HPC pretending that somehow every little move is about to lead to some massive crash.

U.S interest rates have a tiny relevance to uk house prices, they are so far removed, if your banking on this to lead Carney to raise the rates I think you are going to be disappointed, the FED have been raising rates since 2016, we are still at the same interest rates we were and it has had no effect on uk house prices.

TF03

Market seems to be very slow in our area (Kent/Sussex border). Lots of property been on the market for a long time, reductions happening frequently and two estate agents saying to us it's a buyers market currently.

Crashy_Time

https://www.rbs.com/rbs/news/2018/04/ripe-to-buy--london-calling-for-prime-property-seekers--.html

shirlgirl2004

Crashy_Time wrote: »

If they don`t get some hikes in there is nowhere to cut to when the recession starts, then they look even more useless:rotfl:

This is about the only sensible thing I've seen you write. Having said that I don't think the rate rise will come quite yet but yes they need to get a wriggle on. I'm not sure it will affect too many as people are moving to fixed rates in anticipation.

buggy_boy

shirlgirl2004 wrote: »

This is about the only sensible thing I've seen you write. Having said that I don't think the rate rise will come quite yet but yes they need to get a wriggle on. I'm not sure it will affect too many as people are moving to fixed rates in anticipation.

They don't actually need to raise rates as they have now stopped quantitative easing, they know they can always restart that.