Comments on: When Will Interest Rates Rise? http://www.mortgageguideuk.co.uk/blog/uk-housing-market/when-will-interest-rates-rise/ Simplifying Finance, Housing and debt Fri, 10 Feb 2012 11:38:14 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Eric http://www.mortgageguideuk.co.uk/blog/uk-housing-market/when-will-interest-rates-rise/comment-page-1/#comment-2359 Eric Mon, 05 Oct 2009 12:56:57 +0000 http://www.mortgageguideuk.co.uk/blog/?p=500#comment-2359 Thay will raise when the Consev Party gets in we see thay will get to 16% mark my words '' Thay will raise when the Consev Party gets in we see thay will get to 16% mark my words ”

]]> By: M Edwards http://www.mortgageguideuk.co.uk/blog/uk-housing-market/when-will-interest-rates-rise/comment-page-1/#comment-2225 M Edwards Wed, 17 Jun 2009 18:04:16 +0000 http://www.mortgageguideuk.co.uk/blog/?p=500#comment-2225 I think that is a bit optimistic and I don't think the economy has started to recover despite reports of green shoots. I do agree though that it won't be a Japanese type scenario. I think that is a bit optimistic and I don’t think the economy has started to recover despite reports of green shoots. I do agree though that it won’t be a Japanese type scenario.

]]> By: Negative Equity http://www.mortgageguideuk.co.uk/blog/uk-housing-market/when-will-interest-rates-rise/comment-page-1/#comment-2220 Negative Equity Thu, 11 Jun 2009 15:09:02 +0000 http://www.mortgageguideuk.co.uk/blog/?p=500#comment-2220 I think interest rates will rise sooner and faster than people think. The difference between the UK and Japan is that the average Brit doesn't tend to get frightened about spending. They may have cut back from last autumn to spring, but eventually the temptation to spend reasserts itself. Brits have no taste for frugality for years on end, and hence we won't be in the Japanese situation. The economy is already starting to recover, and once it does, rates will get jacked up fast to head off incipient inflation. People need to make the most of current low interest rates to pay down some of their debt, as current conditions won't last IMO. I think interest rates will rise sooner and faster than people think. The difference between the UK and Japan is that the average Brit doesn’t tend to get frightened about spending. They may have cut back from last autumn to spring, but eventually the temptation to spend reasserts itself. Brits have no taste for frugality for years on end, and hence we won’t be in the Japanese situation.

The economy is already starting to recover, and once it does, rates will get jacked up fast to head off incipient inflation. People need to make the most of current low interest rates to pay down some of their debt, as current conditions won’t last IMO.

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