Fair point. Dlockers doesn't seem like a normal GD simp but it's hard to tell when surrounded by so many.You know that around 90% of @dLockers posts are entirely sarcastic right?
Another indication that I shouldn't be a developer.Lol you don't need to be a mathematician to be a decent developer!
They're incompetent and they don't want to admit how much trouble we're in.I just read one member of the committee only voted for a 25bp rise. You have to wonder what is going on at the BoE right now.
Exponential growth everywhere including inflation, and recession percentage points durrBut @dLockers recently said the UK has exponential growth in all areas.
So clearly some people think all is rosy.
LOL why?Another indication that I shouldn't be a developer.
Yea there's a difference between a decent dev and a **** one and the majority are ****.
So when I mean by lack of developers I mean lack of decent 5/10 score rating devs.
Am not even talking about rock star devs
Yeah, it’s not laziness / not wanting the job. I’m poor at maths / mathematical logic. I could waste my time and the employers by struggling to just about comprehend how to do it or I could let someone else more naturally gifted (or at least with the aptitude to learn) do a much better job than I could ever do.
The average 30-year fixed mortgage interest rate is 6.43%, which is a growth of 24 basis points compared to one week ago. (A basis point is equivalent to 0.01%.) The most common loan term is a 30-year fixed mortgage.
The average rate for a 15-year, fixed mortgage is 5.66%, which is an increase of 15 basis points from the same time last week.
A 5/1 adjustable-rate mortgage has an average rate of 4.84%, a rise of 21 basis points from the same time last week. With an adjustable-rate mortgage, you'll typically get a lower interest rate than a 30-year fixed mortgage for the first five years. However, shifts in the market may cause your interest rate to increase after that time, as detailed in the terms of your loan. For borrowers who plan to sell or refinance their house before the rate changes, an adjustable-rate mortgage could be a good option. If not, shifts in the market could significantly increase your interest rate.
If there's a better rate for 75% (afaik there usually is) then sure, speak to them to check. Probably worth going to 60% too asap.Our current LTV is around 76%. Is there any advantage to overpaying to put it below 75% in terms of offers?
Then no one will be able to afford a propertyInterest rates 30 year average would be around 7% I think. Best to plan for that at a minimum.
Property market will be hit hard I suspect. 7% is not unheard of, rates were >10% previously. I remember as a kid my parents talking about people having their houses repossessed.Then no one will be able to afford a property
Yea for both owners and rentersProperty market will be hit hard I suspect.
They will if the market is allowed to correct.Then no one will be able to afford a property
I suspect the government will try to prop up the market but eventually its going to feel the hit. If mortgages aren't affordable at current prices no one will be able to sell.They will if the market is allowed to correct.
Property market will be hit hard I suspect. 7% is not unheard of, rates were >10% previously. I remember as a kid my parents talking about people having their houses repossessed.
I suspect the government will try to prop up the market but eventually its going to feel the hit. If mortgages aren't affordable at current prices no one will be able to sell.