Mortgage Rate Rises

[413x]

Inflation sticky, wage growth high, services inflation high.

'Markets' were pricing in 4 cuts this year, now its down to 1. Of course 'markets' dont know anything and its all a guess but hefty cuts look unlikely anytime soon.

Pound Sterling in Inflation Boost vs. Euro & Dollar as Rate Cut Hopes Fade

www.poundsterlinglive.com

Yeah I certainly got this one wrong.
I got the extent of the rises right. And put my money on it and did well.

But I certainly expected rate cuts nowish.. And put my money on it.

1 out of 2.. To the casino it is!


2 cuts is probably a good outcome now.

 

[jaybee]

I still think we might see low 3% mortgage rates by summer 2025.

 

[delta0]

I think we will see a cut this year but markets are currently tempering the amount and how aggressive they will be. It looks like it will be a slower process. While wage inflation is still high it is going to drag on.

 

[dazzlaa]

I still think we might see low 3% mortgage rates by summer 2025.

Hope so! My deal runs out around that time.

 

[Sythe79]

I still think we might see low 3% mortgage rates by summer 2025.

The base rate might at a push hit low 3%, if you're optimistic, but even then I doubt general mortgage rates will. It's not normal for mortgage rates to be so low compared to base rate as they are now.

 

[Chris344]

The base rate might at a push hit low 3%, if you're optimistic, but even then I doubt general mortgage rates will. It's not normal for mortgage rates to be so low compared to base rate as they are now.

It is so difficult to try and time, hence mt question last week re fix vs tracker.

 

[jaybee]

Rates rose again this week a little bit.

 

[Sythe79]

looks like we fixed at the start of the year in a mini dip, at least, by as much luck as judgement... and the luxury of it not really mattering that much.


The real problem at the moment is just how unstable the market seems to be, at least if everyone was aware of exactly how screwed they were, they could plan accordingly