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Interest rates - which will they go ?

davholla
davholla Posts: 523 Forumite
I've been Money Tipped!
in Mortgages & endowments
Which way do people think the base rate will go ? Up or down over the next 2 years ?

Overall what will happen to interest rates over the next 2 years 42 votes

Stay the same
23% 10 votes
Go down
16% 7 votes
Go up
59% 25 votes
«1

Comments

  • Treadmill
    Treadmill Posts: 1,102 Forumite
    5% for the next 12 months then down
  • Gorgeous_George
    Gorgeous_George Posts: 7,964 Forumite
    Part of the Furniture Combo Breaker
    They will go up, down and stay the same. 4, 2 and 18 times respectively.

    :)

    GG
    There are 10 types of people in this world. Those who understand binary and those that don't.
  • Griptool
    Griptool Posts: 78 Forumite
    They'll go up - Forget about the BoE base rate, banks have lost/will lose so much capital they have two choices; bankruptcy or increase the spread (profit margin).

    Guess which one they'll choose. Future borrowers will pay for past lending mistakes
  • epsilondraconis
    epsilondraconis Posts: 1,758 Forumite
    Up up and away...
  • Treadmill
    Treadmill Posts: 1,102 Forumite
    Are we talking BoE base rate here ?

    If we are talking about mortgage deals from lenders its a totally seperate issue, they'll be continuing to rise.
  • wymondham
    wymondham Posts: 6,356 Forumite
    Part of the Furniture 1,000 Posts Photogenic Mortgage-free Glee!
    up up up up (meant to just say 'up' but it would'nt let me!)
  • Dan_Collins_2
    Dan_Collins_2 Posts: 1,377 Forumite
    Up, swap rates are on the up.

    BOE will go up in the end!
    :confused:
  • phlash
    phlash Posts: 883 Forumite
    500 Posts
    Up up and away!
    I can take no responsibility for the use of any free comments given, any actions taken are the sole decision of the individual in question after consideration of my free comments.
    That also means I cannot share in any profits from any decisions made!;)
  • LilacPixie
    LilacPixie Posts: 8,052 Forumite
    BoE base rate may stay the same. Mortgage rates only heading up for a good few years
    MF aim 10th December 2020 :j:eek:
    MFW 2012 no86 OP 0/2000 :D
  • MRSTITTLEMOUSE
    MRSTITTLEMOUSE Posts: 8,547 Forumite
    Up and quite a bit.
This discussion has been closed.
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