interest rates

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Old Feb 23rd 2010, 5:13 pm
  #1  
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Default interest rates

we keep hearing rumours that interest rates are going to go up this year, has anybody else heard anything?? gonna be HARDER times for those of us with morgages if its true!
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Old Feb 23rd 2010, 5:15 pm
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Default Re: interest rates

Originally Posted by angie mccready
we keep hearing rumours that interest rates are going to go up this year, has anybody else heard anything?? gonna be HARDER times for those of us with morgages if its true!
...but better for those with savings! You can't please all of the people all of the time
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Old Feb 23rd 2010, 5:28 pm
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Default Re: interest rates

Originally Posted by angie mccready
we keep hearing rumours that interest rates are going to go up this year, has anybody else heard anything?? gonna be HARDER times for those of us with morgages if its true!
That is the million dollar question

You can win or lose that depending which way you gamble

i.e. noone knows

To add my 2 pence worth, I believe if the economy stays fairly flat then interest rates will also.

If the economy starts to get better, interest rates will increase slightly
If the economy dives again, then interest rates will shoot up and it will be time to start growing your own vegetables
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Old Feb 23rd 2010, 7:55 pm
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Default Re: interest rates

Hung parliaments, double dip recessions, PIGS, a sliding pound – I haven’t started growing my own vegetables yet, but I’m eating a lot of free oranges.
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