Thursday, Dec 10, 2009

Big shift to tracker mortgages

CML: Loans for house purchase at their highest for nearly two years

55,300 mortgages were granted to buyers, the highest number since December 2007

Posted by cynicalsoothsayer @ 10:37 AM (1064 views)
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2 Comments

1. inbreda said...

"Tracker mortgages, however, are on the rise with 21% of all new loans being trackers"

Oh dear. Oh dear, oh dear. People really are stupid aren't they. At most their mortgages will decrease by 0.5%, however, the potential increase is unlimited.

21%.

This means that even if house prices fall in the post election public sector cuts and tax rises, there ain't no way I'm buying a house until interest rates rise and this 21% of complete idiots are shaken out (/down). This is where the real falls will come from.

Thursday, December 10, 2009 12:32PM Report Comment
 

2. Neil B said...

Err, thats not a particularly impressive claim - the average number of mortgages granted over the last 30 years 800,000 / year

Thursday, December 10, 2009 01:12PM Report Comment
 

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