When do people think interest rates will start to go up again and how quickly?
Asked on Jun 19 2009,
Home Finance in Prenton |
I can't see the banks holding out much longer.... 1st of October?
Answered on Jul 27 2009,
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,
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