Quote:
Originally Posted by DemolitionRed
Hmm, well I'm glad I don't have a fixed rate mortgage that's about to move into a variable rate. All I can say is, those poor bsatards who've up until now, never had to deal with interest rate hikes.
0.5% now. 0.75% or even 1.0% just after Xmas and back down to nothing when our fragile economy crashes. This is about having as much back up as possible before we crash. The problem is, reaching for that back up may be the thing that causes the crash.
All I can say is, I'm glad its happening on the Tory watch.
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this has been coming since we voted out so anyone with a long term left on their mortgage who didn't jump onto a ten or at least a 5 year fix was nuts, the economy grew in the last quarter so I don't know why they raised it
