Mortgage Rate Rises

[alexakasloth]

The BOE Governor has said that they could be more aggressive with cutting rates.

Interest rates: Bank of England could be 'more aggressive' on cuts

Governor Andrew Bailey hints that borrowing costs could fall more quickly if inflation stays in line.

www.bbc.co.uk

Hopefully that means another cut in rates in the near future. Hopefully.

 

[smokedog]

The BOE Governor has said that they could be more aggressive with cutting rates.

Interest rates: Bank of England could be 'more aggressive' on cuts

Governor Andrew Bailey hints that borrowing costs could fall more quickly if inflation stays in line.

www.bbc.co.uk

Hopefully that means another cut in rates in the near future. Hopefully.

The odds of the Bank of England cutting interest rates in November are high, with some predicting a cut in both November and December.

According to the latest money market pricing, a cut in Bank Rate next month to 4.75% is now a 96.5% chance, leaving only a 3.5% likelihood that the BoE leaves rates on hold at 5% again. Before Andrew Bailey's Guardian interview moved the markets, a November cut was around an 88% chance, the markets indicated.

 

[voidshatter]

The odds of the Bank of England cutting interest rates in November are high, with some predicting a cut in both November and December.

So I should plan to lock in with fixed rates for savings accounts now?

 

[413x]

Even one rate cut before 2025 would be nice.
2 would be great.

 

[CaptainRAVE]

What LTV?

Erm, 60% I think.

 

[t2na]

Erm, 60% I think.

That's really good, we got a 5 year fix in January of this year at 60% LTV for 5.02% so the drop seems to be going in the right direction.