Interest Rates

[DarrenG WFC]

So how far will they be cut next year?

This seems very optimistic

https://www.express.co.uk/finance/person...ate-plunge

[Nonsense Potter]

So how far will they be cut next year?

This seems very optimistic

https://www.express.co.uk/finance/person...ate-plunge

Why are you reading the Express? Your transition from a young Tunji Akinola who gets battered on three pints to full on Tory Gammon is quite alarming! You've spent too much time watching Woking near Meerkat.

[Baldman]

So how far will they be cut next year?

This seems very optimistic

https://www.express.co.uk/finance/person...ate-plunge

The market is currently assuming it goes to 3.67% in 12 months time and then stays flat for the following 2 years. So this is a call by GS that the market is wrong. I am more in their camp I think.

I listened to the “Macro Musings” podcast the other day, where a bloke ex-Fed said that he thought we go back to pre-Covid levels in Europe (but higher for longer in the U.S.).

One fly in the ointment would be hot war between Iran and Israel. Could push the oil price above $150 and add a good chunk to inflation. Speculation that this has been delayed until after the election.

So, to summarise, no idea.

[Ste B]

Currently in the process of moving house. Mortgage rates have actually gone up slightly since we submitted our application.

[DesCartes]

So how far will they be cut next year?

This seems very pessimistic.

https://www.express.co.uk/finance/person...ate-plunge

There, corrected it for you.

[Fola Onibuje]

Currently in the process of moving house. Mortgage rates have actually gone up slightly since we submitted our application.

You're moving away from Bamber Bridge?

[Mr Nice 2.0]

Currently in the process of moving house. Mortgage rates have actually gone up slightly since we submitted our application.

There was a lot of competition over the summer with lenders trying to undercut each other. You've experienced the correction unfortunatly.

I was pleased to see I could remortgage with my current lender on a 5 year term for 3.75% (60% LTV) recently. Not that I need to remortgage for another 3 years. And my LTV is not under 60% either. But, it does show how if you can get you LTV down then companies will make decent offers if you stay with them. I'm more hopeful of being able to remortgage at nearer 3% than 4% in 3 years time than I was. Though, as Baldy says, world events can change things quickly.

[Greek Card]

I got my official mortage paid off bit of paper last week.

Keep them nice and high I say.

[Mr Nice 2.0]

I got my official mortage paid off bit of paper last week.

Keep them nice and high I say.

Nice.

I'm going back and forth trying to decide if I should over pay loads and try and get mine shifted in the next decade. Or, just sod it, pay whats due, then and wait until i'm 58 and can take a lump sum from my pension to pay it off.

The first option means less fun now, but earlier retirement. The second option means more fun now, but working longer. And, of course, pension pots tax status may be about to change.

[Baldman]

Nice.

I'm going back and forth trying to decide if I should over pay loads and try and get mine shifted in the next decade. Or, just sod it, pay whats due, then and wait until i'm 58 and can take a lump sum from my pension to pay it off.

The first option means less fun now, but earlier retirement. The second option means more fun now, but working longer. And, of course, pension pots tax status may be about to change.

You might be dead in 5 years Nicey. Or have moved to the U.S.

Meanwhile your mortgage is getting smaller and smaller versus wages and other costs thanks to inflation.

Live for today. You might also find you don’t really want to retire early