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pcernie
Legend
Joined: Sun Apr 26, 2009 12:30 pm
Posts: 45931
Location: Belfast
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US Fed raises interest rates by 0.25% - BBC News http://www.bbc.co.uk/news/business-35117405Be interesting to see if we freak out after clearly being scared silly of raising rates - and for good reason. _________________Plain English advice on everything money, purchase and service related:
http://www.moneysavingexpert.com/
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| Wed Dec 16, 2015 11:38 pm |
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big_D
What's a life?
Joined: Thu Apr 23, 2009 8:25 pm
Posts: 10691
Location: Bramsche
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pah! 0.5%! Worry? Why? When I bought my house the rates were around 18%.
Still I'm glad we have renegotiated our mortgage with a low rate for the next 10 years.
_________________
"Do you know what this is? Hmm? No, I can see you do not. You have that vacant look in your eyes, which says hold my head to your ear, you will hear the sea!" - Londo Molari
Executive Producer No Agenda Show 246
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| Thu Dec 17, 2015 4:47 am |
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l3v1ck
What's a life?
Joined: Fri Apr 24, 2009 10:21 am
Posts: 12700
Location: The Right Side of the Pennines (metaphorically & geographically)
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I'm assuming inflation and wage increases were high then too. That would help as the real of mortgage to income would drop quickly after a few years.
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| Thu Dec 17, 2015 5:00 am |
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hifidelity2
I haven't seen my friends in so long
Joined: Fri Apr 24, 2009 1:03 pm
Posts: 5041
Location: London
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The week after I bought my 1st house they hit 15% (and inflation was around 8%)
Now I am on a tracker as a % over base rate and loving the current low interest rates
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| Thu Dec 17, 2015 8:47 am |
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jonbwfc
What's a life?
Joined: Thu Apr 23, 2009 7:26 pm
Posts: 17040
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I live in the north, so my house didn't cost a completely ludicrous sum of money, so changing the interest rate by a fraction of a percent doesn't actually cause me any trouble.
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| Thu Dec 17, 2015 11:25 am |
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Spreadie
I haven't seen my friends in so long
Joined: Fri Apr 24, 2009 6:06 pm
Posts: 6355
Location: IoW
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Just as my 5 year fixed rate is coming to an end...
_________________
Before you judge a man, walk a mile in his shoes; after that, who cares?! He's a mile away and you've got his shoes!
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| Thu Dec 17, 2015 12:09 pm |
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davrosG5
I haven't seen my friends in so long
Joined: Fri Apr 24, 2009 6:37 am
Posts: 6954
Location: Peebo
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Well unless you've got a mortgage from the USA the Fed rate decision shouldn't really do anything to the rates in the UK until the BoE follows suit. Mind you, that doesn't mean the banks won't jump the gun and start raising their rates.
_________________
When they put teeth in your mouth, they spoiled a perfectly good bum.
-Billy Connolly (to a heckler)
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| Thu Dec 17, 2015 12:32 pm |
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big_D
What's a life?
Joined: Thu Apr 23, 2009 8:25 pm
Posts: 10691
Location: Bramsche
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Mine is coming to an end in a couple of years, but we just negotiated a renewal in advance. Our rates are a bit higher than currently available (to cover the rest of the term), but are then locked for the next 10 years.
_________________
"Do you know what this is? Hmm? No, I can see you do not. You have that vacant look in your eyes, which says hold my head to your ear, you will hear the sea!" - Londo Molari
Executive Producer No Agenda Show 246
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| Thu Dec 17, 2015 12:55 pm |
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Spreadie
I haven't seen my friends in so long
Joined: Fri Apr 24, 2009 6:06 pm
Posts: 6355
Location: IoW
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Which is exactly what I'm expecting from them.
_________________
Before you judge a man, walk a mile in his shoes; after that, who cares?! He's a mile away and you've got his shoes!
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| Thu Dec 17, 2015 5:42 pm |
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