Mortgage rates to hit 6.25%

MeteredOut

ReadySteadyPop said:

MeteredOut said:

ReadySteadyPop said:

MeteredOut said:

ReadySteadyPop said:

RelievedSheff said:

ReadySteadyPop said:

https://www.mpamag.com/uk/news/general/major-lender-raises-interest-rates-for-new-and-existing-customers/508901

One lender raising rates slightly is hardly a firm basis for claiming that interest rates are going to rise to over 6%!!

It could simply be that they are wanting to reduce demand for their products if they feel they are becoming over subscribed.

That does not chime with what I"m hearing about sales falling through and lack of viewings being a problem for lots of people now, more likely they have an eye on global events and the potential bond market reaction.

Thanks, but you'll forgive us if we trust the fact that 95%+ of lenders are NOT increasing rates over your anecdotal musings which have, by your own admission, caused you to make some fairly significant financial mistakes.

So you are saying that most lenders won"t be raising rates? 

No, I'm saying most recent trend amongst lenders is a downward movement of rates. Only an idiot would claim they know what will happen in future, and even more-so if they then made a major financial decision based on that.

The trend seems to be changing?

https://www.msn.com/en-us/money/realestate/halifax-and-barclays-increase-mortgage-rates-amid-budget-jitters/ar-AA1sqRts?ocid=BingNewsSerp

I'd say its too soon to call it a reversal of the trend, but its certainly the case that the budget could send it that way.

ReadySteadyPop

MeteredOut said:

ReadySteadyPop said:

MeteredOut said:

ReadySteadyPop said:

MeteredOut said:

ReadySteadyPop said:

RelievedSheff said:

ReadySteadyPop said:

https://www.mpamag.com/uk/news/general/major-lender-raises-interest-rates-for-new-and-existing-customers/508901

One lender raising rates slightly is hardly a firm basis for claiming that interest rates are going to rise to over 6%!!

It could simply be that they are wanting to reduce demand for their products if they feel they are becoming over subscribed.

That does not chime with what I"m hearing about sales falling through and lack of viewings being a problem for lots of people now, more likely they have an eye on global events and the potential bond market reaction.

Thanks, but you'll forgive us if we trust the fact that 95%+ of lenders are NOT increasing rates over your anecdotal musings which have, by your own admission, caused you to make some fairly significant financial mistakes.

So you are saying that most lenders won"t be raising rates? 

No, I'm saying most recent trend amongst lenders is a downward movement of rates. Only an idiot would claim they know what will happen in future, and even more-so if they then made a major financial decision based on that.

The trend seems to be changing?

https://www.msn.com/en-us/money/realestate/halifax-and-barclays-increase-mortgage-rates-amid-budget-jitters/ar-AA1sqRts?ocid=BingNewsSerp

I'd say its too soon to call it a reversal of the trend, but its certainly the case that the budget could send it that way.

Looks like it has, things cooling off a bit now though but commentators on Bloomberg today seriously discussing the U.S 10 Year hitting 7%.

gadget88

How come if inflation is rising due to the budget interest rates keep falling? Surely they need to increase again? 

Hoenir

Which "rates" are you referring too ?