Thursday, December 30, 2010
Your move, punk.
Repossessions may rise if interest rates go up in 2011
"However, Mr Holmes explained he does not think interest rates will rise for a while yet, as the Monetary Policy Committee (MPC) knows that doing so could be damaging. And the MPC also have to consider the impact an increase would have in terms of international markets, as they would not want to have to operate in a degree of isolation, he remarked."
Posted by sibley's b'stard child @ 09:17 AM (1964 views)
3 thoughts on “Your move, punk.”
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Crunchy says:
Watch the bank rates and fees on fixed rate mortgages, a far better indicator.
As always, follow the money.
alan says:
“The number of repossessions could rise if interest rates were to increase by around two per cent, one expert has claimed”.
OK, just increase the rates by 1.75% for now.
str 2007 says:
Here’s another article again pointing at the BoE controlling mortgage rates not bond rates ?
Anyone else getting confused.