Uncle Spielberg
Well-known member
Interest rates are a near certainty to fall today. Almost as much a certainty as a Spielberg racing tip. Bank base rate will stand at 5.25%. US interest rates have fallen 1.25% in the last month to stand at 3.0%. Its good news for people on Bank tracker rates as they will get the benefit immediately, discounted and variable rate borrowers will benefit but with a delay and maybe not the full fall as lenders drag their heels and chip it away. Fixed rate borrowers will stay as they are.
I expect rates to chip away this year with another fall in June and another in September to bring rates down to 4.75% by the year end.
This will soften the housing market slowdown and I expect house prices to be static or a slight fall only, talk of crashes and 40% fall's are rubbish and irresponsible talk from wannabees who want to get in the papers.
A tracker rate is a good option now and if you want total flexibility go for a tracker with no penalty ties.
My number can be found in the BHAFC match programme under Friends of the Albion.
Kind Regards.
Uncle Spielberg's Monthly Mortgage Watch
I expect rates to chip away this year with another fall in June and another in September to bring rates down to 4.75% by the year end.
This will soften the housing market slowdown and I expect house prices to be static or a slight fall only, talk of crashes and 40% fall's are rubbish and irresponsible talk from wannabees who want to get in the papers.
A tracker rate is a good option now and if you want total flexibility go for a tracker with no penalty ties.
My number can be found in the BHAFC match programme under Friends of the Albion.
Kind Regards.
Uncle Spielberg's Monthly Mortgage Watch