Skip to main content Skip to footer

When do people think interest rates will start to go up again and how quickly?

Asked on Jun 19 2009, Home Finance in Prenton | Report content

Answers (2)

Was this question useful? Yes 1 No 0

Sort by: Oldest | Recent | Highest rated

  • I can't see the banks holding out much longer.... 1st of October?

    Answered on Jul 27 2009, Report content
  • I dont think you will see rates rise at all this year. I would however expect rates to start increasing in the first Quarter of 2010 but this will not be a rapid increase. The number of home owners in negative equity means that any sharp increase will force those suffering financial hardship into possible default and subsequent repossesions. This is something that the banks and the government would not want to encourage.

    Answered on Aug 17 2009, Report content

Didn't find what you were looking for? Ask a question

More Home Finance in Prenton questions on AskMe

See more AskMe Q&A about Home Finance