Rate rises on the way...

[anonymous-user]

[redacted]

[toohangry]

anonymous said:

[redacted]

I'd have thought that ship sailed a little while back really.

[BoRED S2upid]

About time too. No point in having savings at the moment. You can still get sub 2% mortgage fixed rate deals but for how long?

[ellroy]

Indeed, some good deals to be had mortgage wise at the minute.

[toohangry]

anonymous said:

[redacted]

Fair enough, I stand corrected. I wonder how the mortgage market will change over the next week though?

[dirty boy]

Oddly, I was looking through my old paperwork and when I moved in, I was paying 6.08% !!!

Given I'm earning more, I should be able to cope I hope.

[gibbon]

I think its more huff and puff from Carney, hes done this before and done nothing. The recent data out in the UK is pretty poor, a cant see why they will hike any time soon. I would bet they wont hike this year, and i certainly wouldnt bet on a hike for the first half of next year.

China slow done, uk data fairly depressed, euro unknown situation but basically not pretty, the only pushers are states gaining momentum and a commodity slow down helping slightly.

We need to see hikes by the fed before we even get close to thinking about hikes.

I reckon you will see a 2y fix sub 1% before we start hiking.

Just one persons opinion though. :-)

[Guffy]

Well I'm starting to feel better about my 2.1% 5-year fixed, it was a bit of a gamble as I've always done 2-year deals before.

[gibbon]

For example, this -

http://www.thisismoney.co.uk/money/news/article-27...

He likes to make comments to massage people expectations and the market. I dont think we will hike for some time.

[fid]

gibbon said:

I think its more huff and puff from Carney...

If the frequency of his huff and puff increases, as it seems to be, I'd say it's more of a gentle hint.

[Ozzie Osmond]

IMO the rise will be so small and slow that most people who "fixed" will still find they pay over the odds.

[red_slr]

Personally I think we are looking at 1/4 point in spring and then maybe 1/4 point at the end of the summer.
I can then see it having to stay there for a good 9-12 months before they even think about going any higher.

[coetzeeh]

I mentioned in a different thread while ago that I was listening to Mark Gregory talking a few weeks ago (chief economist at EY). He said there was encouraging underlying performance in the UK economy, not least supported by house price inflation which plays a very important role in the consumer led recovery we are witnessing.

He thought base rate would gradually increase from later this year to stabilise at 3% in 2018.

[chris7676]

Please try to keep the distance.
They (central ()ankers) have been bulstting about that for the last several years.
'Next year' will be another 'next year'.

[TokyoRich]

Expectation is the rates in the US rise in September so I would expect to see some movement shortly after in the UK - assuming that China sorts itself out and the US economy does not come grinding to a halt as soon as rate hikes are announced.

I have just got a 1.99% 5 year fixed in. As mentioned above I would also expect these to start going up pretty soon. The UK house price growth (in the south east) is looking very much like a bubble so I would expect that to be one of the factors that would be taken into account when considering bringing forward a rate rise...

Just my thoughts though...