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Something not mentioned here is the historically low interest rates. The Bank of England base rate is only 0.5%, with mortgages available for only 2.0%. I thin
by marcosscriven 11y ago
Something not mentioned here is the historically low interest rates. The Bank of England base rate is only 0.5%, with mortgages available for only 2.0%.
I think if mortgage rates went back to 6% - 8% a lot of people would be screwed.
- dataminer 11y agoWouldn't the whole economy be screwed if interest rates are back up that much? It seems the low interest rates are the new normal, unless for some reason inflation becomes very high. With commodity prices falling hard due to increase productivity, that threat seems to be quite far now.