Wednesday, Jan 23, 2008
Another Bung for Home Owners on the Way?
Telegraph: Fed's panic rate cut ups pressure on BoE
"Mr King hinted that rates were set to fall, saying that, at their current level of 5.5 per cent, borrowing costs were stifling consumer spending. Experts are forecasting a cut of 0.5 percentage points. A homeowner with a 25-year £200,000 repayment mortgage would be around £60 a month better off."
Posted by quiet guy @ 08:10 AM (328 views) Add Comment
3 Comments
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1. theboltonfury said...
who are these 'experts'? The same halfwits who said property was a sure thing 2 years ago. The IR doesn't matter if you don't want to move, but if you do, and you need to sell then welcome to hell folks!
Your house is worth what people who can be bothered to buy it say it's worth - end of!
2. Bootstrap said...
"A homeowner with a 25-year £200,000 repayment mortgage would be around £60 a month better off."
...of course they will be unaffected by increases in everything else due to real inflation!
3. it_is_going_with_a_bang said...
Yes of course £60 is going to save the economy.
That is unless they buy petrol, gas, electricity and pay council tax.
My council Tax is estimated to go up by around £50 this year. So that pretty much takes it all!