Monday, Sep 07, 2009
Rates could rise sharply early next year'
Telegraph.co.uk: Interest rates 'could rise sharply early next year'
Interest rates could start to rise early next year – and by more than in previous cycles, according to an economist at a City fund manager.
This would cause a large rise in mortgage repayments for borrowers on tracker and other variable-rate mortgages, some of whom are staying afloat financially only because interest rates are currently at an all-time low.
Posted by cash_buyer @ 12:29 PM (1398 views) Add Comment
9 Comments
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1. str 2007 said...
Well I was hoping this article may have some substance I could believe in.
It doesn't.
I don't know what's been cooked up behind the scenes but interest rate rises before the next election isn't likely to be one of them.
2. alan said...
Maybe this "new star" professional is only interested in plugging the brand!
Anyone can be a pundit...so...here goes:
Interest rates will be artificially held down untill the election. Large rises in mortgage payments for the electorate are not on the agenda for the lifetime of this Brown government....Don't worry about the consequences...someone else's problem.
3. techieman said...
alan - i think you have a point. My recollection is that the New Star funds were in all sorts of trouble - ah yes isnt google great. http://www.dailymail.co.uk/money/article-1091536/Fund-managers-circling-New-Star-thrashes-deal.html
And henderson ended up purchasing http://www.h-l.co.uk/news/Expert-comment/articles/4642?rq=article
Now as for the comment - the only way this will happen is if they are forced to do it kicking and screaming..... OR if the QE really is stunningly successful. If it is then putting the genie back in the bottle may result in it being trapped.... for a long long time.
4. doomwatch said...
I understand Nuw Spar was full of public school kn obs spending other peoples hard earned cash.
5. happy mondays said...
Interest rate rises, I don't think so...
We need to be kept on this life support machine for a while yet, at least until the powers at be can see there is no hope or no use to them! so switch off the life line...until then we are kept artificially alive..
6. hpwatcher said...
I agree with all of the above. For the Labour party, house prices are the only economic measure that they are interested in and there is NO WAY they will put the damaged, now slightly recovered, property market at risk.
7. Shergar75 said...
squeeky bumtime
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