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Debate House Prices
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Interest rate rise?
Comments
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I don't think anyone can, in all seriousness, claim rising interest rates and contracting liquidity are economically irrelevant.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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even if the interest rates go up, it will be another 0.25% rise. I don't see that as any kind of issue, but YMMV0
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A quarter of a per cent is economically irrelevant until / unless it translates into a rise in retail mortgage rates. Even then it may have no effect. Banks are in the business of lending; if not enough are borrowing, they have the option of cutting their margins. Base rates could go up while mortgage rates fall, for example.0
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0.25% would be a 50% increase to the current base rate. In the world of global capital flows and macro economics, where a sliver can make the difference between success or failure, profit or loss, that is a huge jump.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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You'd have been better off getting this thread moved rather than opening another one and having two threads going...2024 wins: *must start comping again!*0
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Except we're not talking about global capital flow here, we're talking specifically housing market. Anyone who takes on a mortgage won't be in a position to not afford it, if it interest rates go up as that would be madness right?
Why exactly do you expect a crisis to happen just because the interest rates go up a little?0 -
0.25% would be a 50% increase to the current base rate. In the world of global capital flows and macro economics, where a sliver can make the difference between profit or loss, that is a huge jump. Macro-economics feed down to micro-economics. The housing market does not operate in isolation, as an island immune from the macro-economic picture.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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Macro-economics feed down to micro-economics. The housing market does not operate in isolation, as an island immune from the macro-economic picture.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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I don't expect a crisis, I would just expect a further shift down in sentiment in an already stagnant market. An interest rate rise would not boost sentiment. Quite the opposite.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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I can't find anything on Bloomberg regarding interest rates today, do you have a link?0
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