why does this only happen in australia
Apr 20th 2009, 10:15 am
#16
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Re: why does this only happen in australia
No offence meant
Apr 20th 2009, 10:16 am
#17
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Joined: Feb 2007
Posts: 489
Re: why does this only happen in australia
whoops sorry. bet you can remember Ian MacGregor as well, my grandad would ! trust me.
Apr 20th 2009, 10:16 am
#18
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Re: why does this only happen in australia
If you have been following the financial pages of late you may have noticed that the low interest rates are not expected to last very long and in fact they are worried that they are going to rise and with all the stimulus at the moment we may get hyper inflation.
Personally the interest rates are too low for us we need to live on our money and we need them to be higher. If they are not higher then more of us become a drain on the tax payer. So taxes will have to rise. So its a catch 22 situation.
Personally the interest rates are too low for us we need to live on our money and we need them to be higher. If they are not higher then more of us become a drain on the tax payer. So taxes will have to rise. So its a catch 22 situation.
Apr 20th 2009, 10:20 am
#20
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Apr 20th 2009, 10:30 am
#22
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Re: why does this only happen in australia
My Grandad went to ironically shake hands with Ian MacGregor at Cortonwood Colliery near Brampton Bierlow and was truncheoned by a copper from Kent of all places. Me dad just told me on the phone.
He is from Rotherham South Yorkshire
He is from Rotherham South Yorkshire
Apr 20th 2009, 10:30 am
#23
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Apr 20th 2009, 10:43 am
#25
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Re: why does this only happen in australia
Apr 20th 2009, 10:51 am
#26
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Re: why does this only happen in australia
when kevin rudd announces australia are going into a recession, at the very same time commonwealth bank announce mortgage rates to rise.
every other world bank are reducing rates to ease pressure.
why ?
http://bigpondnews.com/articles/TopS...ge_323953.html
every other world bank are reducing rates to ease pressure.
why ?
http://bigpondnews.com/articles/TopS...ge_323953.html
UK -
According to a recent report a number of lenders have been hiking up the interest rates charged on their fixed rate mortgage products
and then, always following behind the UK lead apparently, ....
20th April 2009
Aus -
CBA and Westpac announce 0.25% increase in Fixed rate Mortgage rates
why does this only happen in australia ?
many of these things, and other things, are the same everywhere...
Apr 20th 2009, 11:19 am
#27
Thread Starter
Joined: Feb 2007
Posts: 489
Re: why does this only happen in australia
4th April 2009
UK -
According to a recent report a number of lenders have been hiking up the interest rates charged on their fixed rate mortgage products
and then, always following behind the UK lead apparently, ....
20th April 2009
Aus -
CBA and Westpac announce 0.25% increase in Fixed rate Mortgage rates
why does this only happen in australia ?
many of these things, and other things, are the same everywhere...
UK -
According to a recent report a number of lenders have been hiking up the interest rates charged on their fixed rate mortgage products
and then, always following behind the UK lead apparently, ....
20th April 2009
Aus -
CBA and Westpac announce 0.25% increase in Fixed rate Mortgage rates
why does this only happen in australia ?
many of these things, and other things, are the same everywhere...
Apr 20th 2009, 1:36 pm
#28
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Joined: May 2006
Posts: 6,600
Re: why does this only happen in australia
And Ian MacGregor was Canadian or American, or at least he spoke with an american accent. On second thoughts, maybe he was from Rotherham, but just talked funny.
Last edited by spartacus; Apr 20th 2009 at 1:42 pm.
Apr 20th 2009, 8:38 pm
#30
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Posts: 10,375
Re: why does this only happen in australia
when kevin rudd announces australia are going into a recession, at the very same time commonwealth bank announce mortgage rates to rise.
every other world bank are reducing rates to ease pressure.
why ?
http://bigpondnews.com/articles/TopS...ge_323953.html
every other world bank are reducing rates to ease pressure.
why ?
http://bigpondnews.com/articles/TopS...ge_323953.html
Fixed term rates are rising. Thats because they dont expect rates to fall too much further, so bascially they are covering their ass long term, if you fix now they dont want you to have a cheap mortage once rates rise
. Yes Banks always win, but its a indication the big banks feel rates cuts will slow/stop after a few more cuts, that is probably based on the fact some positive economic signs coming out ( that would be overseas signs despite australia currently being one of the latter to fall into the pit) , USA for eg has had some positive stats come out, as have some housing markets, share markets...
Edit - saw the UK housing market has risen 3 months in a row, 1.8% last month, anyone looking for those 55% off bargains LOL will have to get their skates on.
Last edited by jad n rich; Apr 20th 2009 at 8:47 pm.