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Interest Rate rise.....again

4 replies

UCM · 11/01/2007 15:33

Was expecting this to happen in Feb, but not Jan.....just heard on radio.

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skiwear · 11/01/2007 16:26

Yeah, was reading elsewhere that the rumour is that whatever it is has breached the magic 3% prompting a letter to Gordie from the MPC. Rumour has it there is more on the way. Have seen some crazily prices property on round here since the New Year though.

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wannaBeWhateverIWannaBe · 11/01/2007 16:35

yeh now people are less likely to want to buy my house

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skiwear · 11/01/2007 16:45

Sorry for you wanna be, you never know, I don't think it will have that much effect so quickly.

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UCM · 11/01/2007 17:41

Wannabe, not necessarily, if you had to drop in price, so would the people you are buying off and so on.

If it does have an impact, it will reflect right the way down.

Not much use if you are not buying another house though

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