We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

Debate House Prices


In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Interest rate rise?

1…2324252729

Comments

  • Jonbvn
    Jonbvn Posts: 5,562 Forumite
    Part of the Furniture 1,000 Posts
    Sapphire wrote: »
    What's an 'archived user', and how can one of them post on the boards?

    I think it's called flouncing;)
    In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:
  • Masomnia
    Masomnia Posts: 19,506 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Interesting. You never used to be able to delete your account. I wonder if it's a GDPR thing.
    “I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse
  • The-Joker
    The-Joker Posts: 718 Forumite
    When irs go back up that’s it for house prices
    The thing about chaos is, it's fair.
  • GreatApe
    GreatApe Posts: 4,452 Forumite
    The-Joker wrote: »
    When irs go back up that’s it for house prices


    Interest rates are going up in the USA yet house prices are not crashing in fact they are going up more than inflation.

    Interest rates will only be put up when the economy is booming and in a booming economy house prices tend to do well
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    GreatApe wrote: »
    Interest rates are going up in the USA yet house prices are not crashing in fact they are going up more than inflation.

    Interest rates will only be put up when the economy is booming and in a booming economy house prices tend to do well

    US house prices are still below that of 2008 though and never rebounded like ours did (partly due to all the stimulus we had here directed solely at housing).

    So the base level in the US is very different to ours.
  • Jack_Johnson_the_acorn
    Jack_Johnson_the_acorn Posts: 1,333 Forumite
    Graham_Devon wrote: »
    US house prices are still below that of 2008 though and never rebounded like ours did (partly due to all the stimulus we had here directed solely at housing).

    So the base level in the US is very different to ours.

    Mortgage deals have actually improved since the base rate rise. I can get a better deal now than before the .25% increase. Daily Fail had an article about it last month. Good news for me as my deal expires in a few months.
  • kingstreet
    kingstreet Posts: 39,312 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Jack_Johnson_the_acorn wrote: »
    Mortgage deals have actually improved since the base rate rise. I can get a better deal now than before the .25% increase. Daily Fail had an article about it last month. Good news for me as my deal expires in a few months.
    Yep. New mortgage products are based on the swaps the lenders can obtain in the money markets. These are normally a couple of months ahead of any base rate rise and are more to do with future rate sentiment.
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
  • The-Joker
    The-Joker Posts: 718 Forumite
    GreatApe wrote: »
    Interest rates are going up in the USA yet house prices are not crashing in fact they are going up more than inflation.

    Interest rates will only be put up when the economy is booming and in a booming economy house prices tend to do well

    Wrong and wrong again.

    Interest rates haven't gone up noticeably in USA yet, they are still at historic lows.

    I.Rs going up to normal levels means about 5% min.

    Yes you would like to believe they will only go up when the economy improves, but the unfortunate fact is the economy is only going to get worse and worse, but interest rates will still have to back up because they have been held too low for too long.
    The thing about chaos is, it's fair.
  • The-Joker
    The-Joker Posts: 718 Forumite
    nothing was fixed in 2008, all the problems were just pushed into the future and made worse.

    Interest rates have now been held too low for too long, and it didn't help it just made things worse.

    There is a limit to how long they can keep these historic low interest rates
    The thing about chaos is, it's fair.
  • Jack_Johnson_the_acorn
    Jack_Johnson_the_acorn Posts: 1,333 Forumite
    The-Joker wrote: »
    nothing was fixed in 2008, all the problems were just pushed into the future and made worse.

    Interest rates have now been held too low for too long, and it didn't help it just made things worse.

    There is a limit to how long they can keep these historic low interest rates

    You're making a shitload of assertions without any evidence to back up your claims.

    I see how you got the "Joker" moniker now.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.7K Banking & Borrowing
  • 253.4K Reduce Debt & Boost Income
  • 454K Spending & Discounts
  • 244.7K Work, Benefits & Business
  • 600.1K Mortgages, Homes & Bills
  • 177.3K Life & Family
  • 258.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture