Interest rates

[DimPrawn]

Howard Archer, chief UK and European economist at Global Insight, said: "We now expect the Bank of England to trim interest rates by a further 25 basis points, to 5% in April rather than May. Further out, we expect interest rates to fall to 4.5% by the end of the year and to 4% in the first half of 2009, as we believe that extended below-trend growth will eventually significantly undermine companies' pricing power and limit wage growth, thereby diluting underlying inflation pressures."

Get a tracker mortgage if you need one.

Don't bother saving.

0% by 2010.

Doomed.

HTH

[ratewhore]

Didn't I see somewhere that trackers are being withdrawn and mortgage rates are actually going up in the face of lower base rates (through the withdrawal of the discounted mortgages)?

Or did I dream that?

[basshead]

My 3yr fixes are up in 2009. Boomed!

[tim123]

Howard Archer, chief UK and European economist at Global Insight, said: "We now expect the Bank of England to trim interest rates by a further 25 basis points, to 5% in April rather than May. Further out, we expect interest rates to fall to 4.5% by the end of the year and to 4% in the first half of 2009, as we believe that extended below-trend growth will eventually significantly undermine companies' pricing power and limit wage growth, thereby diluting underlying inflation pressures."

Get a tracker mortgage if you need one.

Don't bother saving.

0% by 2010.

Doomed.

HTH

Yipee,

That's another 5% on all the Euro sitting in the bank from the current contract wating for me to transfer home.

tim

[Bagpuss]

It doesn't matter if the BoE drops rates, the banks won't be offering cheap mortgages again for a long time

[Bumfluff]

It doesn't matter if the BoE drops rates, the banks won't be offering cheap mortgages again for a long time

The deals out there are sh*t at the moment no decent trackers at all, check out Northern Rocks great two year fixed rate 7.29%.

[Cyberman]

The deals out there are sh*t at the moment no decent trackers at all, check out Northern Rocks great two year fixed rate 7.29%.

I got an offset mortgage(no fee) with First Direct at 5.5% a month ago. Reverts to 6.5% tracking their SVR after 9 months. The Abbey were charging me 7.8%!!