Thursday, May 26, 2011
IR forward looking comments
UK Mortgage Rates Could Top 8%: Economist
"Mortgage payments could hit 42 percent of take-home pay according to Paul Diggle". "Home owners could be in for a nasty surprise as borrowing costs return to normal over the medium term, say Capital Economics". (but realistically, highly unlikely to get a 0.25% rise from MPC in June/July, I think).
Posted by alan @ 09:31 AM (1669 views)
2 thoughts on “IR forward looking comments”
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Crunchy says:
“CNBC: UK Mortgage Rates Could Top 8%: Economist”
~ Let’s be Mr Nice for a change.
Surely not, think of the impact it would have on sections of our society.
drewster says:
Capital Economics’ forecasting record has been terrible.
December 2003: Capital Economics forecast that house prices will fall by 20pc between 2004 and 2007
April 2008: UK house prices will fall by almost 20pc over the next two years, according to analysts at Capital Economics
June 2008: House prices may fall up to 35pc over the next three years, Capital Economics has warned
October 2009: House prices to fall 10pc in 2010, according to Capital Economics
Even a stopped clock is right twice a day.