{"id":10748,"date":"2014-01-25T14:00:37","date_gmt":"2014-01-25T07:00:37","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/when-interest-rates-do-rise-the-new-normal-could-be-3-not-5\/"},"modified":"2016-04-16T03:38:04","modified_gmt":"2016-04-15T20:38:04","slug":"when-interest-rates-do-rise-the-new-normal-could-be-3-not-5","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/when-interest-rates-do-rise-the-new-normal-could-be-3-not-5\/","title":{"rendered":"When interest rates do rise the 'new normal' could be 3%, not 5%"},"content":{"rendered":"


\nIt will be incremental when the rate rises do come, but the Bank of England wants a sustained recovery firstThose of us who write about economics for a living know the signs. A work colleague sidles over, ostensibly for a gossip, but really to ask one question. “Is this the right time to take out a fixed-rate mortgage?”To be fair, it is not a query that has surfaced much for the past five years. The Bank of England cut its official lending rate to 0.5% in March 2009 and it has remained at that level \u2013 the lowest since the Old Lady first opened its doors in 1694 \u2013 ever since. Borrowing costs have remained low because the economy has struggled to recover from the worst recession in modern history. Only a financial masochist, desperate to throw money away, would have considered taking out a fixed-rate mortgage. Continue reading…
\n
\nSource : theguardian.com
\nRead more…When interest rates do rise the ‘new normal’ could be 3%, not 5%<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

It will be incremental when the rate rises do come, but the Bank of England...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-10748","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-2Nm","jetpack-related-posts":[{"id":137382,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/average-mortgage-rate-for-two-year-fixed-deal-edges-closer-to-6\/","url_meta":{"origin":10748,"position":0},"title":"Average mortgage rate for two-year fixed deal edges closer to 6%","date":"June 15, 2023","format":false,"excerpt":"\r Nationwide is latest lender to lift cost of deals as borrowers brace for 13th successive Bank of England interest rate riseThe average rate on a new two-year fixed mortgage has edged closer to the 6% threshold, as Nationwide became the latest big lender to push through a significant increase\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":171182,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-are-mortgage-rates-going-up-when-the-bank-of-england-base-rate-hasnt-changed\/","url_meta":{"origin":10748,"position":1},"title":"Why are mortgage rates going up when the Bank of England base rate hasn\u2019t changed?","date":"March 19, 2026","format":false,"excerpt":"\r To understand this you need to know about swap rates and the impact of the war in IranOn 16 January, the average rate on a new two-year fixed-rate mortgage was 4.78%, according to the financial data company Moneyfacts. Two months later, it was 5.20%. Between those two dates, the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":134423,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/first-five-year-fixed-mortgage-under-4-since-mini-budget-launched-by-hsbc\/","url_meta":{"origin":10748,"position":2},"title":"First five-year fixed mortgage under 4% since mini-budget launched by HSBC","date":"February 7, 2023","format":false,"excerpt":"\r Britons will be able to fix monthly home loan costs at level below Bank of England base rateFive-year fixed-rate mortgages priced at below 4% are back on sale for the first time since just after the disastrous autumn mini-budget.HSBC has repriced its range and introduced a new five-year fix\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138410,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hope-for-homebuyers-as-rates-fall-on-uk-fixed-mortgage-deals\/","url_meta":{"origin":10748,"position":3},"title":"Hope for homebuyers as rates fall on UK fixed mortgage deals","date":"July 20, 2023","format":false,"excerpt":"\r Small drops in average rates for two- and five-year fixed mortgages follow easing of inflation rate in JuneBorrowers received a glimmer of good news after average rates on new two- and five-year fixed mortgages fell for the first time since May.News of the small falls came 24 hours after\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138200,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/risks-of-a-uk-housing-crash-rising-by-the-day-as-fixed-rate-mortgage-deals-end\/","url_meta":{"origin":10748,"position":4},"title":"Risks of a UK housing crash rising by the day as fixed-rate mortgage deals end","date":"July 5, 2023","format":false,"excerpt":"\r The tipping point for the economy could come if fixed-rate mortgages rise above 7%All things considered, Britain\u2019s housing market has held up pretty well so far in the face of a relentless rise in borrowing costs that has seen five-year fixed rate mortgages climb above 6%. House prices, according\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":148746,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-debt-market-sell-off-threatens-to-push-up-mortgage-costs\/","url_meta":{"origin":10748,"position":5},"title":"UK debt market sell-off threatens to push up mortgage costs","date":"January 10, 2025","format":false,"excerpt":"\r About 700,000 homeowners face increase when fixed-rate deals end this yearBusiness live \u2013 latest updatesAbout 700,000 homeowners are facing an increase in mortgage costs when their fixed-rate deals end this year, as a sell-off in the UK government debt market plunges the financial markets into turmoil and threatens to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/10748"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=10748"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/10748\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=10748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=10748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=10748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}