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Realistbear

Mortgage Lending Shows We Are At The Bottom Of Rate Cycle

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http://portal.telegraph.co.uk/money/main.j...4/ixperson.html

Demand for two-year fixed-rate mortgages has rocketed in the past month, according to Hamptons International's latest mortgage survey.
Jonathan Cornell, a director of Hamptons, said: "
What the latest data shows is that borrowers are incredibly rate sensitive.
They will always opt for the lowest deal available. Fixed rates have been among the most competitive of late.
"There is a feeling among borrowers that
we must be at or near the bottom of the interest rate cycle
, so they are anxious to fix as an insurance against higher repayments later on."

Sentiment is shifting to more bearish. IR are a big worry.

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"There is a feeling among borrowers that we must be at or near the bottom of the interest rate cycle,

Sentiment is shifting to more bearish. IR are a big worry.

Actually, if that's the prevailing view of the sheeple they're more likely to be wrong.

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"There is a feeling among borrowers that we must be at or near the bottom of the interest rate cycle, so they are anxious to fix as an insurance against higher repayments later on."[/indent]

Sentiment is shifting to more bearish. IR are a big worry.

Even Japan are planning to increase their interest rate. This must be the bottom of the IR cycle. Why is it that we conveniently forget about the global economy when we're talking about inflation?

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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