US Interest Rates To Remain Low Till 2014

[Beach Hut]

This will no doubt mean UK interest rates will remain low as well to 2014 so for those that elected to take a fixed rate mortgage as opposed to staying on the tracker rate could pay way over the odds for a while.

BBC News - Ben Bernanke says US interest rates will remain low

 

[Uncle Spielberg]

There has not been much differential between fixed and tracker rates for a year now. The real winners are those that took out lifetime trackers 3 years ago and the C&G and Nationwide borrowers sat on a 2.50% variable rate.

 

[tedebear]

We stayed on our tracker negotiated 3 years ago with the Woolwich. Incredible just how lucky we've been (and its lower than the 2.5% mentioned above).

 

[Lady Gull]

There has not been much differential between fixed and tracker rates for a year now. The real winners are those that took out lifetime trackers 3 years ago and the C&G and Nationwide borrowers sat on a 2.50% variable rate.

I took out a lifetime tracker 8 years ago which can be taken to another property - it tracks 1 per cent above base rate and you can throw lump sums in at any time or take them back out - its worked for me.

 

[Pat McCrotch]

The real winners are those that took out lifetime trackers 3 years ago

Took a Woolwich tracker in early 2008. 0.9% above base for 2 years reverting to lifetime tracker at 1.19% above base . Best financial move i ever made.

UK rates are going nowhere for 4 years min.

 

[timbha]

I took out a lifetime tracker 8 years ago which can be taken to another property - it tracks 1 per cent above base rate and you can throw lump sums in at any time or take them back out - its worked for me.

no point in paying off lump sums atm, better to stick it in a fixed rate cash ISA (this is not advice!)

 

[Lady Gull]

no point in paying off lump sums atm, better to stick it in a fixed rate cash ISA (this is not advice!)

I'd rather have a holiday x