Interest Rates, where will they stop?
May 4th 2010, 1:58 pm
#76
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Re: Interest Rates, where will they stop?
Its all going to end in tears.
May 4th 2010, 2:02 pm
#77
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Re: Interest Rates, where will they stop?
Unfortunately[officer dibble] I think you are correct---property overpriced by 50%[Economist Mag et al];a bubble economy etc.Are we seeing an outline of a Greek tragedy in the antipodeas???.But what will be the shock that will bring it all crashing down???--bursting of chinese property bubble/economy???--any offers???
May 4th 2010, 2:05 pm
#78
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Re: Interest Rates, where will they stop?
listening to some economists on the radio, it sounds like it will be quiet for a month or two, then a likely rise by 1% over the next 12 months. They even quoted a rate of 10% as not being out of the question (assume that wasn't the RBA rate).
May 4th 2010, 2:12 pm
#79
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Re: Interest Rates, where will they stop?
The RBA will sit back and see what effect this has[if any] and then push them up again.Rates have got a long way to go yet---remember the Great Depression of the thirties came in two parts and the second was far worse than the first.We now have a far more globalised economy/financial structure and the effects of a shift in one part can have far reaching repurcussions in another.But what do readers think will be the trigger???
May 4th 2010, 5:19 pm
#80
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Re: Interest Rates, where will they stop?
The RBA will sit back and see what effect this has[if any] and then push them up again.Rates have got a long way to go yet---remember the Great Depression of the thirties came in two parts and the second was far worse than the first.We now have a far more globalised economy/financial structure and the effects of a shift in one part can have far reaching repurcussions in another.But what do readers think will be the trigger???
Seems we might be here...
From: Sultans of Swap
May 4th 2010, 11:56 pm
#81
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Re: Interest Rates, where will they stop?
The RBA cash rate is now expected to hit 5.5% to 6% in the near future.
http://www.dailytelegraph.com.au/mon...rom=public_rss
Exclusive data from leading financial services consultancy firm Fujitsu shows mortgage stress is affecting nearly 40 per cent of the 270,000 who have entered the property market since June 2008.
Fujitsu Consulting executive director Martin North said that for 95 per cent of those in mortgage stress, selling was the only way out.
The tipping point, he said, would be if the RBA cash rate, now 4.5 per cent, rose a further 1 to 1.5 percentage points. Which is precisely what many economists expect.
Fujitsu Consulting executive director Martin North said that for 95 per cent of those in mortgage stress, selling was the only way out.
The tipping point, he said, would be if the RBA cash rate, now 4.5 per cent, rose a further 1 to 1.5 percentage points. Which is precisely what many economists expect.
May 5th 2010, 1:22 am
#82
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Re: Interest Rates, where will they stop?
The RBA cash rate is expected to be 5.5% in 18months time.
http://www.asx.com.au/data/trt/ib_ex...urve_graph.pdf
Add on 2 or 2.5% for a margin, and homeloan rates will be somewhere around 7.5% or 8% by the end of 2011.
A person with a $350k loan over 30yrs at 6.4% pays $2,189 per month... but at 8% this would be $2,568.... thats $380 extra per month, or $4500 per year.
May 5th 2010, 4:01 am
#83
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Re: Interest Rates, where will they stop?
The RBA cash rate is now expected to hit 5.5% to 6% in the near future.
http://www.dailytelegraph.com.au/mon...rom=public_rss
http://www.dailytelegraph.com.au/mon...rom=public_rss
The RBA cash rate is expected to be 5.5% in 18months time.
http://www.asx.com.au/data/trt/ib_ex...urve_graph.pdf
http://www.asx.com.au/data/trt/ib_ex...urve_graph.pdf
With the risk of serious economic contraction in Australia having passed some time ago, the Board has been adjusting the cash rate towards levels that would be consistent with interest rates to borrowers being close to the average experience over the past decade or more.
The Board expects that, as a result of today’s decision, rates for most borrowers will be around average levels.
The Board expects that, as a result of today’s decision, rates for most borrowers will be around average levels.
May 5th 2010, 5:03 am
#84
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Re: Interest Rates, where will they stop?
).
May 5th 2010, 5:47 am
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Re: Interest Rates, where will they stop?
The RBA are saying they are adjusting the cash rate towards levels close to the average experience over the past decade or more.
Once the RBA begin to say that the RBA rates will have to go higher than average, then people must being to worry...
May 5th 2010, 6:13 am
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Re: Interest Rates, where will they stop?
May 9th 2010, 12:07 pm
#87
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Re: Interest Rates, where will they stop?
some more of 'my' (
) thoughts...
Report forecasts more rate rises
) thoughts...
Respected independent forecaster Access Economics expects homebuyers will face a further three interest rate rises this year that would take the official cash rate to 5.25 per cent.
May 26th 2010, 11:21 pm
#88
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Re: Interest Rates, where will they stop?
AUSTRALIANS are being told to brace themselves for much higher interest rates
The international organisation's Economic Outlook predicts the Reserve Bank will push up its cash rate from its present 4.5 per cent to 5.1 per cent by December and then to 5.7 per cent by next June.
May 26th 2010, 11:38 pm
#89
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Re: Interest Rates, where will they stop?
May 27th 2010, 6:08 am
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Re: Interest Rates, where will they stop?