Interest rates - April 2008

southernscouser

When do we find out? :undecided

overlander

You will know on Thursday but its totally irrelevant unless you have a tracker which tracks the BoE base rate.

southernscouser

overlander wrote: »

You will know on Thursday but its totally irrelevant unless you have a tracker which tracks the BoE base rate.

Will I? Thanks.

It might be irrelevant to some people but I take an interest in all things money.

Treadmill

Down by 0.25% followed by three further 0.25% cuts taking the base rate to 4.25% by the end of the year, Inflation will go over 3% and then interest rates rates will rise again and the ride continues.

Gorgeous_George

overlander wrote: »

You will know on Thursday but its totally irrelevant unless you have a tracker which tracks the BoE base rate.

Not totally irrelevant.

If they raise them by 5%, all non-fixed mortgages will rise.

GG

Gorgeous_George

With house prices crashing 2.5% in March, maybe a little political intervention will see a larger cut in interest rates to ease the pressure.

GG

Dan_Collins_2

I dont think 2.5 is a crash, I think it reflects the loss in mortgage apps going through for purchases and people being unsure of what to do next.

I do think they will go down a little more but we still need homes so I dont think it will be crashing to 30-40% drops.

poppy10_2

The Times editorial tomorrow leads with a call for a 0.5% cut to save house prices.

barrymoney

yes, makes you wonder if the banks saw a possible 0.5% cut coming, and have maneuvered ready for it? I reckon 0.5 seems possible after todays news (+major pressure from the PM I bet). but I voted 0.25.

Dick_here

It seems that the only way to benefit from Base Rate reductions at the moment is to go onto SVR if you're coming to the end of a fix.