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When do you think mortgage rates will go down?

53 replies

YouLittlePlonka · 15/06/2023 11:37

?

OP posts:
BarelyLiterate · 15/06/2023 18:48

Given that neither the Chancellor of the Exchequer nor the governor of the Bank of England would be able to answer that question with any confidence, your guess is as good as mine, OP.
The only thing which might be said with any confidence is that the ultra-low interest rates which applied during & immediately after covid are very unlikely to return for the foreseeable future. And that is a good thing.

DrySherry · 15/06/2023 19:49

My guess is late 2024 early 2025 they may start reducing again - but I very much doubt they will get much lower than we have today. Somewhere around 3.5 to 5 % is considered stable and normal. The "emergency" low (almost zero) rates we had following the 2008 crisis was an experiment that didn't work - all it did was kick the can down the road and now we are going to pay the price. I think QE also is likley to not happen again. Going forward we as a country are going to need to actually balance the books without printing, hopefully.

PerfectYear321 · 18/07/2023 00:45

MMorales · 15/06/2023 15:52

😂

Not sure if this is a serious post or not...

I'm glad someone else said it.

If it's real maybe the poster works for the Bank of England. Their forecasts have been delusional over the last couple of years.

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