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if any of you consider that rates are finally getting back to normal?
Initially misread your post and was going to say they probably are "normal". However, I think one of the key issues hasn't been the 'return to a normal" but the jumps as a percentage increase.
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There was a forecast from 'the markets' the other day that because inflation isn't dropping as fast as forecast, rates are likely to top out at 5.5% - so a couple more rises to come. IANAFA but I'd expect them to drop back a bit after that but imagine we'll be around 4% for some time to come. So, yes - back to long-term normal - can't see 1% happening again.
I bought my first flat in '92 (a month before the ERM bollocks) - quite the change since then:
hugo7
villa-ru
@nono
Hey, I'm just curious if any of you consider that rates are finally getting back to normal? It feels like a risky time to be taking a punt on them going low again. I imagine there will be a pivot at some point but i'm not sure how long it will last and you might be lucky to catch it.
History tells us inflation nearly always comes in two waves so IR's could go much higher at some point.