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.
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.
Interest rate history

dean_ham
Posts: 277 Forumite
Here is the BOE base rate history...
http://www.moneyextra.com/dictionary/interest-rate-history-003455.html
No wonder property prices boomed from 2002-2006. Interest rates as low as 3.5% !!!
Even our current interest rate of 5% is alot lower than previous years.
Whats the next step then? surely interest rates must rise to 6-7% ?!?! This in turn must stop people borrowing silly money for silly overinflated prices. The 6-7% seems the norm over the last 20 years.
http://www.moneyextra.com/dictionary/interest-rate-history-003455.html
No wonder property prices boomed from 2002-2006. Interest rates as low as 3.5% !!!
Even our current interest rate of 5% is alot lower than previous years.
Whats the next step then? surely interest rates must rise to 6-7% ?!?! This in turn must stop people borrowing silly money for silly overinflated prices. The 6-7% seems the norm over the last 20 years.
0
Comments
-
And here's the pretty picture of that for those that can't read/understand numbers (I know there are a lot of you out there or we wouldn't be in this mess)
http://www.houseweb.co.uk/house/market/graph.html0 -
PasturesNew wrote: »And here's the pretty picture of that for those that can't read/understand numbers (I know there are a lot of you out there or we wouldn't be in this mess)
http://www.houseweb.co.uk/house/market/graph.html
It kind of looks like the skyline of a provencal hilltop village. If I could only work out which one, I'd know when to buy!0 -
And surely they have made a mistake by dropping interest rates a quater of a percent the last 3 occasions!
If i remember correctly they lowered the interest rates to "kick start" people to buy property... Looking now this has to be a mistake and should have kept it as it was, or even rise it!0 -
-
And surely they have made a mistake by dropping interest rates a quater of a percent the last 3 occasions!
If i remember correctly they lowered the interest rates to "kick start" people to buy property... Looking now this has to be a mistake and should have kept it as it was, or even rise it!
It's kind of like a jockey cracking his whip on a horse to squeeze a bit more out of it to win a race. It works short term, but you can only do it so many times before the horse just drops with exhaustion!0 -
And surely they have made a mistake by dropping interest rates a quater of a percent the last 3 occasions!
It's not made any difference as Mortgage rates are based on Swap rates, which continue to climb. I can see average mortgage rates being nearly 8% by the end of the year. It ain't looking good for all those two year fixes comming up for renewal this year. :eek:0 -
dannyboycey wrote: »It's kind of like a jockey cracking his whip on a horse to squeeze a bit more out of it to win a race. It works short term, but you can only do it so many times before the horse just drops with exhaustion!
Well i dont know about jockey's and horses... but i know one thing, this guy is a donkey0 -
You'll find the following interesting reading:-
http://www.pbs.org/wgbh/pages/frontline/shows/dotcon/historical/bubbles.html
Now if you could find a list/graph of Japanese interest rates that would look even more like a roller coaster.0 -
Now if you could find a list/graph of Japanese interest rates that would look even more like a roller coaster.
http://www.tradingeconomics.com/Economics/Interest-Rate.aspx?Symbol=JPY
Under the graph you can change the years to span from 1/1/2000 to now
Or here's just a picture showing 1990-now: http://www.norges-bank.no/upload/import/front/pakke/en/foredrag/2001/2001-03-06/charts/chart8.gif0 -
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 348.3K Banking & Borrowing
- 252.1K Reduce Debt & Boost Income
- 452.4K Spending & Discounts
- 240.8K Work, Benefits & Business
- 617.1K Mortgages, Homes & Bills
- 175.6K Life & Family
- 254K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 15.1K Coronavirus Support Boards