Interest Rates where are they going ?

[2 5HAN]

Just wondering what you think rates are going to be doing over the next few years?

I know that there is no definitive answer but was just interested to know your opinions????

Personally i am thinking or should that be hoping that they will stay at current rates for the next year to 18 months with the possibility of a .25% rate drop but no more than that?

After 18 months or so we may see a return to small rate increases with the longer term maybe in 5 years time or so being back at 4% ish??

Also is anyone locking into fixed rates for the longer term??

Cheers
Shan

[NoelWatson]

2 5HAN said:

Just wondering what you think rates are going to be doing over the next few years?

I know that there is no definitive answer but was just interested to know your opinions????

Personally i am thinking or should that be hoping that they will stay at current rates for the next year to 18 months with the possibility of a .25% rate drop but no more than that?

After 18 months or so we may see a return to small rate increases with the longer term maybe in 5 years time or so being back at 4% ish??

Also is anyone locking into fixed rates for the longer term??

Cheers
Shan

It may return to the long term average at some point, or maybe overshoot, so potentially 10%+

[scotal]

Are you talking about personal borrowing rates, i.e mortgages?

[2 5HAN]

Was talking about Interest Rates in general i.e BOE Base rate

The lending i am looking at myself is Business related

[mcflurry]

It can't go that much lower, so longer term IMHO there is only one direction it can go...

[xxplod]

Can't see them going up in 2009