Friday, Jun 12, 2009
In loving memory of Green Shoots April 09 - june 09
TIMES ONLINE: Lenders rush to raise fixed-rate mortgages
A fresh wave of increases to mortgage interest rates by Britain's biggest mortgage lenders is set to hit hundreds of thousands of homeowners and buy-to-let landlords.
Posted by sold out @ 02:47 PM (1048 views) Add Comment
7 Comments
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1. techieman said...
sold out re the thread yesterday - sorry i didnt come back re time to capitulation. I cant give an answer based on anything other than a gut feel. Even for that i havent made my mind up yet. I think we need to see if and how much this retracement moves. Postings like the one above may mean its very short lived, but the markets can always catch the unwary by surprise.
My point was always just to not be surprised by a counter trend bull move (I was never sure - who is? -that there would be one) - my gut feel though is that we havent seen the end of that move - so until that ends (and that may just be a perception) then i wouldnt like to guess how long the capitulation will take.. However if i am right the monthly numbers will gather steam to the downside and it will be pretty obvious to everyone.
2. sold out said...
Thanks Techieman
I am in the process of selling my late mother's bungalow at the moment, so for me personally a few more months of this will be good.
My gut feeling is that it will be very shortlived.
3. 51ck-6-51x said...
My condolences sold out.
4. symo said...
Surely ur historic low interest rates aren't coming to an end? Not with all those people being made redundant.
5. Jinbal said...
The market will decide the interest rates
The market will look very closely at Gilt yields
The market will price credit accordingly
6. Yoss said...
So the next leg down begins, and this before the bond strike? Pound may have gained massively? but I'd really love to know why, or what the people buying it are on?
7. alan said...
If IRs rise and redundancies continue to rise then the green shoots are only in the minds of NuLabour and the BBC spin masters!
I really don't know anyone who thinks we are close to economic recovery. I think its desparate people trying to find optimistic headlines supporting GB. Even Hazel Blears has "repented" for wearing that "rock the boat" brooch! GB must be doing his damndest to alter public opinion of NuLAbour.