I wouldn’t have thought so, it looks like a new era.
Traditionally interest rates are above inflation, rats kind of the point of them, the last decade is an anomaly that went on far to long.
I’m a lot happier since I stopped reading news articles that try to predict the future.
Even if they did, most people are still priced out of the market. Low rates help some people but it is not enough on its own to make the property market sustainable.
Mortgage rates based on zero interest base rates won’t ever return. The entire ZIRP situation was an unprecedented anomaly.
Rates are barely where they’ve been for most people’s lives. It’s not a new normal, it’s just normal.
Wasn’t that many years ago that current mortgage rates would have been considered low.
low interest rates are at the expense of an entire generation of people. Remember that.
I hope all the buy to let investors go bankrupt.
In other news, water is wet, bears shit in the woods, The noble inuit people are really good at building igloos.
[deleted]
Haven’t read the article, not going to read the article cause 0% interest rates from Central banks aren’t normal, never have been, never will be (unless doing Islamic finance) so it’s a stupid headline.
I certainly regret not buying the biggest most expensive house on the longest possible fix I possibly could when rates were as low as they went. Seems stupid not to have taken advantage of such historic low cost borrowing now in retrospect.
11 comments
I wouldn’t have thought so, it looks like a new era.
Traditionally interest rates are above inflation, rats kind of the point of them, the last decade is an anomaly that went on far to long.
I’m a lot happier since I stopped reading news articles that try to predict the future.
Even if they did, most people are still priced out of the market. Low rates help some people but it is not enough on its own to make the property market sustainable.
Mortgage rates based on zero interest base rates won’t ever return. The entire ZIRP situation was an unprecedented anomaly.
Rates are barely where they’ve been for most people’s lives. It’s not a new normal, it’s just normal.
Wasn’t that many years ago that current mortgage rates would have been considered low.
low interest rates are at the expense of an entire generation of people. Remember that.
I hope all the buy to let investors go bankrupt.
In other news, water is wet, bears shit in the woods, The noble inuit people are really good at building igloos.
[deleted]
Haven’t read the article, not going to read the article cause 0% interest rates from Central banks aren’t normal, never have been, never will be (unless doing Islamic finance) so it’s a stupid headline.
I certainly regret not buying the biggest most expensive house on the longest possible fix I possibly could when rates were as low as they went. Seems stupid not to have taken advantage of such historic low cost borrowing now in retrospect.