Mortgage Rate Rises

purplesky · 21 Sep 2022 at 20:51

Slam62 said:
That's more an assumption than the results from modelling unless you've got a model of the collective boe brain.
An assumption like that is just a guess

Of course nothing is certain. But the models have consistently been correct.

glenimp617 · 21 Sep 2022 at 20:52

purplesky said:
That doesn't make sense, although even better off people would take a haircut.
Everyone I know who wants to protect their wealth though sold GBP and Euro months ago.

depends on your definition of significantly. The only way out of this mess was years ago, too late now.

Slam62 · 21 Sep 2022 at 20:57

purplesky said:
Of course nothing is certain. But the models have consistently been correct.

Yours are the only economic models that have ever been correct then.

purplesky · 21 Sep 2022 at 21:00

Slam62 said:
Yours are the only economic models that have ever been correct then.

They're in agreement with other models. They've always been consistent.

200sols · 21 Sep 2022 at 21:02

Why do you lot even humour that guy with a response.

purplesky · 21 Sep 2022 at 21:06

200sols said:
Why do you lot even humour that guy with a response.

Umm, it's a discussion forum.

neocon · 21 Sep 2022 at 21:23

No more trips to Disneyworld , 1gbp = 1.1277

caff · 22 Sep 2022 at 00:55

So, are we going to see a BoE base rate +0.75%?

This is going to be rough.

JamesH85 · 22 Sep 2022 at 01:03

caff said:
So, are we going to see a BoE base rate +0.75%?

This is going to be rough.

I'd imagine so, if it's only 0.5% they WILL have to bump it up another 0.25% in the coming months, kinda inevitable atm.

I imagine we will see another 1% over the first quarter of 2023 too

413x · 22 Sep 2022 at 11:38

Got to be 0.75. I don't think it will be 1 or 0.5.

Chris344 · 22 Sep 2022 at 12:02

0.5 to 2.25% This is going to sting for a lot of people.

aardvark · 22 Sep 2022 at 12:04

pfft, cowards - they'll just have to put them up next month also

JamesH85 · 22 Sep 2022 at 12:05

Chris344 said:
0.5 to 2.25% This is going to sting for a lot of people.

It will but them only doing 0.5 just means there will be another 0.25 by the end of the year. with another 1% most likely in 2023. They are very reluctant to hit with 0.75%

photoshop · 22 Sep 2022 at 12:06

Let's hope saving accounts increase now also with this latest rise

200sols · 22 Sep 2022 at 12:07

JamesH85 said:
It will but them only doing 0.5 just means there will be another 0.25 by the end of the year. with another 1% most likely in 2023. They are very reluctant to hit with 0.75%

Gonna be another 1.5% by end of the year at least. The fed are going to 4.5%.

Maccy · 22 Sep 2022 at 12:08

Can't wait to start looking at remortgaging in January.

JamesH85 · 22 Sep 2022 at 12:09

There is going to be a lot of pain for anyone coming off the back of a 1-2% interest rate. I wonder what rates are being offered on anything higher than a 80% LTV now.

Freakbro · 22 Sep 2022 at 12:15

Only a 0.5%, I am disappointed thought they'd be more aggressive with the state of inflation and the weakness of the £

Slam62 · 22 Sep 2022 at 12:15

aardvark said:
pfft, cowards - they'll just have to put them up next month also

Yep lol just makes it worse, you're never going to beat the Fed, you have to do more than them just to keep up

R.O.S.S.I · 22 Sep 2022 at 12:17

Last night the best rates i could see on a 60% LTV were Barclays 3.45% on a 5 year. Now they have changed to a Barclays 7 year and 10 year fix at 3.49% and 3.65%. Interesting that they are such long a fix.