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I reckon base rate will go up in June, stay at 4.75% for a bit (tail risk of it hitting 5%) and start coming back down from November MPC meeting and settle at around 3.5% in mid-2024. Or I could be chatting shit and it stays where it currently is or higher for the foreseeable and I get fucked... Place your bets!!!
ElGonzo-
Been looking at a new mortgage deal as ours expires on 31 Jul. The cheapest rate was on a 5 year fix, so I'm guessing the industry are expecting rates to fall.
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I think I agree - the housing market will slow down and reduction in interest rates required to get it pumping again. Couldn’t say on dates but EoY surely!
Tonts
Tenderloin
Seems...optimistic - but I salute your bravery.