Thursday, April 10, 2008

Here we go again.

Mortgage costs will rise even if Bank of England cuts interest rate

"Banks are continuing to increase mortgage rates despite expectations that the Bank of England will cut the base rate by at least a quarter-point today. " This should read: "Banks are continuing to increase mortgage rates BECAUSE of expectations that the Bank of England will cut the base rate by at least a quarter-point today."

Posted by bystander @ 06:52 AM (453 views)
Please complete the required fields.



One thought on “Here we go again.

  • If the Banks aren’t likely to pass on cuts, we are we not increasing interest rates (or at least keeping them on hold) to support the strength of the pound and keep the prices in the shops down so people can afford their newly increased mortgage payments.

    It’s at times like this the Bank of England needs to be strong. It gave everyone plenty of warnings last year.

    Go on Mervyn fly in the face of opinion and save yourself writing a letter to Gordon Brown.

    I’d love to know what he writes in his letters (especially as he’s got his job for another 5 years).

    Dear Crash

    Did you not listen to a word I said, I warned you about this last year ………

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>