Interest Rates to rise this week?

Fletch said:
Prob go up yet to 4.75/5, then come back end of year start to fall back and settle maybe 3.5 next year sometime

Disclaimer alert I know nowt, anything could happen
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Market expectations a week or 2 back was that they'd peak at 4.5 in the summer, then drop to 4 by Xmas.

Now there seems to be a suggestion that the peak might be a bit lower at the current 4 or 4.25 level
 


I notice chase have just upped their savings to 3%. I'd expect zopa to goto 3.35% or thereabouts in coming days
 
Fletch said:
Prob go up yet to 4.75/5, then come back end of year start to fall back and settle maybe 3.5 next year sometime

Disclaimer alert I know nowt, anything could happen
Click to expand...
Think Bailey made a lot about the potential risks going forward. The scenario above is if everything just continues as is, in that some believe it's settling down but personally I think it's just gearing up and there's a lot more volatility in the pipework, excuse the pun. Energy markets do what they have been doing over the last couple of years again in a shorter cycle and you are going to see absolute turmoil. 2/3 from the DOW etc. great depression eat your heart out. all those extra mortgages taken up in Jun 21 with the 2/5y fix will hit between Apr-Jun 23 and again 26... surely?
monkeytassle said:
Unlike me.
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You're a good lad haha 10/10
 
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Lambchops said:
We've been getting 5plus for a while why is it taking so long to get to the UK? Mortgage rates are about 5.6 mind so may explain it
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On instant access? I'd expect there'll be some offering about 3.5% shortly.
They did go upto 5% on 5 year fixes, but have now dropped to around the 4.5% mark. Top regular saver is 7% with FD
 

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