Tuesday, June 22, 2010
This article might stimulate a bit of debate on where savers and house prices go from here?
CEBR says base rate stable at 0.5% until 2012
Following the emergency budget today, the centre for economics and business research predicts that interest rates will remain stable at 0.5% until the end of 2012. Douglas McWIlliams, chief executive of cebr, says: “The chancellor noted Mervyn King’s remark at the Mansion House dinner last week that if growth was slower interest rates would be lower. “We agree and – with our lower growth forecast we now think that base rates will be stable at 0.5% until the end of 2012 and the 10 year bond yield will fall to 3%. With base rates lower for longer, we also expect mortgage rates to fall from around 4% at present to 3% by early next year.â€
Posted by jack c @ 03:20 PM (1711 views)
6 thoughts on “This article might stimulate a bit of debate on where savers and house prices go from here?”
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Greenbay says:
yipee im making shed loads of cashflow! hahahahahahah
Greenbay says:
luckily all buy to let mortgages revert to x amount above base rate, most of my mortgages are around 1.8% above base rate i.e
2.3% so a typical interest only mortgage of 100,000 is £190 per month i would rent a house of similar value (100,000) for £550 easily. do the maths guys buy to let landlords are making a killing regardless if you have ridiculed them for the pat 10 years hehehehehe
mystie010 says:
Hi Greenbay good to see you back on board! It’s been a long time no see. I’m so glad you are making shed loads of money! Am I jealous – hell yes! How do you do it? Come and share your knowledge so that we might all partake of your infinite wisdom.
jack c says:
Greenbay – following on from mysties post – what does “making shed loads of cashflow” mean?
timmy t says:
Jack C – very pertinent question! I’ve got shed loads of cashflow too… problem is it’s all flowing out!!
enuii says:
CFROI??????????