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Corsa Sport » Message Board » Off Day » House Day » Mortgage Rates to drop again? » Post Reply
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Colin |
posted on 10th Nov 08 at 22:22 |
Im out of a mortgage deal & on the BOE Base rate just now with no plans on changing. | |
Tim |
posted on 10th Nov 08 at 22:07 |
You might want to check your T&C too. Normally cancelling a fixed-rate mortgage during the initial term results in a hefty fee (ours is 3% of the balance!)... | |
Ian |
posted on 10th Nov 08 at 21:35 |
The American economy was in a state well before the rate dropped to 1% Deano. | |
deano87 |
posted on 10th Nov 08 at 14:51 |
Yes. America dropped their 'Bank of America' interest rates to 1%, resulting in every body getting loans and mortgages. Then everyone started defaulting on payments etc :| | |
Ian |
posted on 10th Nov 08 at 14:48 |
I think he means that cheap borrowing has got the economy in the current state. | |
Bart |
posted on 10th Nov 08 at 12:48 |
quote: How do you mean? | |
deano87 |
posted on 10th Nov 08 at 08:32 |
1% is what got us in this silly mess thanks to the Americans. | |
daymoon |
posted on 10th Nov 08 at 08:26 |
i think i gonna take a mortgage when they go down to -10% :D | |
Bart |
posted on 10th Nov 08 at 08:21 |
I've heard whispers that it may be coming down to 1% :! |