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Debate House Prices
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Interest rate rise?
Comments
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Would probably expect a .25% rise in August at this stage, although even that isn't completely nailed on yet, that should be it for this year though.
It's all data dependent. If inflation etc comes in higher or lower than expected, expectations can change in an instant.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
expectations can change in an instant
Yep George Clooney changes his mind all the time.0 -
Crashy_Time wrote: »It`s happening now, transactions started to fall straight after Brexit was announced.
Really cause your statement was based on interest rates changing by 4%, not transactions... My mortgage rates have not increased, in fact both my BTL mortgages are coming to the end of the 2yr tracker and the rates are lower than they were 2yrs ago...
Would you like someone to explain the difference between interest rates, transaction levels and house prices, yes one can have a knock on effect but they are different, you seem to try to merge them..0 -
Ozymandias73 wrote: »I currently take all my investment decisions on the basis that asset prices have had one of their longest bull runs ever, supported by massive liquidity. But the interest rate cycle is now on the turn and liquidity is being drained away. I really don't want to pay top dollar for assets only to see the same assts on sale at a significant discount in a couple of years time.
What are you planning to buy in a couple of years time?0 -
Malthusian wrote: »What are you planning to buy in a couple of years time?
It depends what is looking good value. Hopefully, yields will be higher, now that central banks are stopping depressing them.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
Ozymandias73 wrote: »Savings rates have already been going up quite significantly recently, and before the base rate has even started to rise. A base rate rise would probably accelerate that trend. The trend is my friend.
Where have they gone up significantly? (genuinely interested).
There has been a bit of competition causing easy access rates to go from 1.25% to 1.35%. Is that what you meant?0 -
Where have they gone up significantly? (genuinely interested).
There has been a bit of competition causing easy access rates to go from 1.25% to 1.35%. Is that what you meant?
The current highest rates are with the Japanese bank Oragmi, but they are in a bit of trouble, and there is a serious risk that they might fold.Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
Where have they gone up significantly? (genuinely interested).
There has been a bit of competition causing easy access rates to go from 1.25% to 1.35%. Is that what you meant?
The challenger banks, Secure Trust, Charter Savings, Paragon, OakNorth, are all competing with each other for funds, and their notice accounts (60 to 180 days) have gone up by about 0.4% over the last few months to around 1.75%.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
Wow, so that's £4 a year per £1000.
Don't spend it all at once.0 -
At OPs request I have merged 2 very similar threads. Post may therefore appear slightly out of line.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0
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