Saturday, April 26, 2008

If 50billion buys BoE a 0.6% IR rise, what rise will 100billion buy!

Mortgage rates rise for second time in days

Halifax, which is responsible for two out of every 10 mortgages, has changed all of its fixed rate and tracker rate mortgages to new customers, with a two-year fixed rate deal, for instance, climbing from 6.12% to 6.49%. Some rates have increased by 0.6%, adding £900 on to the annual repayment charges of a £150,000 loan. Rates up from 6.12 to 6.49% or put another way the monthly mortgage bill will increase by 6%

Posted by who stole my pension? @ 05:51 AM (1070 views)
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5 thoughts on “If 50billion buys BoE a 0.6% IR rise, what rise will 100billion buy!

  • Halifax said “Wholesale money continues to be significantly more expensive than it was a year ago. Unfortunately, this increased cost needs to be passed on to new customers by banks and building societies.”

    I wonder how much these rises will affect voters in the local elections next week. I guess some will be more worried about buying petrol?

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  • it_is_going_with_a_bang says:

    Answer:

    A cracking good job in a Bank in the City in about 2 years. Probably involving ‘working’ 1 day a week for a £5 million a year.

    Are you listening Gordon?

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  • planning4acrash says:

    It is going, I doubt that Blair actually works for that salary, neither will Brown for his if he, like Blair gets a banking “job”. Blair’s “salary” is in my opinion pension for services given during his time in office. For allowing the boom to continue. Brown has done an even better job for the banks, made possible of course by Blair’s earlier “leadership”, by giving the greatest banking bail out of all time when he printed hundreds of billions to “bail out” the banking industry.

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  • Goes to show that markets follow their own inexorable path in these situations.

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  • If this continues for much of the year, it will be interesting to see the public and the media’s reaction to bank’s annual statements.

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