Jump to content
House Price Crash Forum

Historic Interest Rates, Historic Average


Recommended Posts

This looks like a great set of data, but being new here, I'm a little confused as to the terminology.

What does columns showing data such as "2.9%-M-1.0" as for example in November 2003 mean?

I take it M represents the inflation adjusted value of sterling at the time - ie in November 2003 a pound is worth the same as it is now?

What does the 2.9% represent, is this the average mortgage rates margin over base rate?

Are average mortgage rates shown as fixeds or SVR? If fixed what length of fixed?

Many Thanks Jason,

The Dark Knight

The additional figures are inflation data. This was added by another member so I'm not the author of that part. The 'M' is confusing, so I'm not sure what that is.

Link to post
Share on other sites
  • 2 weeks later...
The additional figures are inflation data. This was added by another member so I'm not the author of that part. The 'M' is confusing, so I'm not sure what that is.
What does columns showing data such as "2.9%-M-1.0" as for example in November 2003 mean?

Simple really. ;)

http://safalra.com/other/historical-uk-inf...ice-conversion/

Hi ho hi ho a little do we know, why the UK people are kidded and taken for a ride. :rolleyes:

Link to post
Share on other sites
  • 2 weeks later...
  • 3 months later...
  • 4 months later...

Hi Jason

I am new to all of this and have looked at the spreadsheet with interest

i want to be able to calculate what £30,000 would be worth at October 2008 if I had invested it in August 2005

Assuming interest is compounded quarterly

Am i right that - according to your spreadsheet - the average interest is 5.14663

Thus 30000 x (1=(5.14663%/4))^(4*3)

ie based on the A=P(1+r/n)^nt formala

- or have I got it all confused?

Any clarificationis gratefully appreciated

Thanks

Mel

Link to post
Share on other sites

Spreadsheet updated with 0.5% rates (5th March 09) on first post.

http://www.bankofengland.co.uk/publication...ws/2009/019.htm

Posted Today, 04:30 PM

Hi Jason

I am new to all of this and have looked at the spreadsheet with interest

i want to be able to calculate what £30,000 would be worth at October 2008 if I had invested it in August 2005

Assuming interest is compounded quarterly

Am i right that - according to your spreadsheet - the average interest is 5.14663

Thus 30000 x (1=(5.14663%/4))^(4*3)

ie based on the A=P(1+r/n)^nt formala

- or have I got it all confused?

Any clarification is gratefully appreciated

Thanks

Mel

Link to post
Share on other sites

Hi Jason

I am new to all of this and have looked at the spreadsheet with interest

i want to be able to calculate what £30,000 would be worth at October 2008 if I had invested it in August 2005

Assuming interest is compounded quarterly

Am i right that - according to your spreadsheet - the average interest is 5.14663

Thus 30000 x (1=(5.14663%/4))^(4*3)

ie based on the A=P(1+r/n)^nt formala

- or have I got it all confused?

Any clarificationis gratefully appreciated

Thanks

Mel

You're testing me now... The average is 5.14663, between 04aug05 and 07oct08 so your forumla should work fine. However, only use it as an estimate.

To be accurate you would need to work out the average for each 12month period (assuming annual interest) and compound that way.

Hope that helps, I haven't looked at the spreadsheet for such a long time. I originally did it as posters kept saying average rates are 'x' and not backing it up.

Link to post
Share on other sites
  • 6 months later...
  • 1 year later...
  • 2 years later...

This looks like a great set of data, but being new here, I'm a little confused as to the terminology.

What does columns showing data such as "2.9%-M-1.0" as for example in November 2003 mean?

I take it M represents the inflation adjusted value of sterling at the time - ie in November 2003 a pound is worth the same as it is now?

What does the 2.9% represent, is this the average mortgage rates margin over base rate?

Are average mortgage rates shown as fixeds or SVR? If fixed what length of fixed?

Link to post
Share on other sites
  • 3 years later...

We live in interesting times.  Inflation is nudging up, for a variety of different reasons, and conservative forecasts are of inflation of 3 or 4% at some point in 2018.  In other words, comfortably above the BoE target.  It would be really helpful if admin could update the CPI and RPI graphs on this site.  I have used this site, which used to be excellent in its heyday, as a resource for economics data and interesting HPC articles and viewpoints.  However, it has become run down and it's a real shame.  Admin, could you help?

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    No registered users viewing this page.



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.