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Realistbear

I R Continue To Rise In U S After Ben's Cut

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http://finance.yahoo.com/

Loan Type Today Last Week

1 Year ARM 5.42% 4.85%

30 Year Fixed Jumbo 7.12% 7.03%

5/1 ARM 5.81% 5.71%

3/1 ARM 5.59% 5.52%

The one year went ballistic following the Fed cut. If he cuts again the popular 1 year rate will probabloy reach a record 6%+.

The probablility is that if Merv even dares to cut the BoE rate he will send our IR to the moon very quickly.

Edited by Realistbear

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http://finance.yahoo.com/

Loan Type Today Last Week

1 Year ARM 5.42% 4.85%

30 Year Fixed Jumbo 7.12% 7.03%

5/1 ARM 5.81% 5.71%

3/1 ARM 5.59% 5.52%

The one year went ballistic following the Fed cut. If he cuts again the popular 1 year rate will probabloy reach a record 6%+.

The probablility is that if Merv even dares to cut the BoE rate he will send our IR to the moon very quickly.

Of course this is lending rates.

Savers rate? I bet they are waaaay on down, as the other King used to say.

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Of course this is lending rates.

Savers rate? I bet they are waaaay on down, as the other King used to say.

Indeed. The typical 3 month CD is paying around 3.25%. Huge spreads. It adds to instability as few are going to save at 3% below the rate of inflation.

The reversal of the Greenspan conundrum should be a lesson to Merv in the even he is even thinking about a cut. On the other hand, a 1% drop in the BoE rate should hasten the crash along as our IR will rise a good 1-2% in response--just like the US scenario.

Now that Ben cuts are not working in the real world of stressed homeowners he may back off anymore cuts in case he pushes rates into the red zone for even the least stretched OO. IMagine what 0% would do! 12% ARM???

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  • 293 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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