Wow Leveling Time 1 90 : Remortgage Watch October 2010 - What is the Current Base Rate Outlookith the news from over the pond that the Federal Reserve will again look to return to quantitative easing to stimulate their economy, and at the same time recent comments from Adam Posen (MPC member) that he believed the UK call fored to engage in Qo avoid a prolonged slump, it seems ever more likely that Bank of England will follow suithe anticipation seems to be for this to happen in the first quarter of next years a result the markets have pushed their base rate increase forecasts back further still, unto the 3rd or 4th quarter of 2011t seems the belief is that the actions of our American cousins combined with the upcoming fiscal squeeze from our very own Chancellor next month (with a couple of 83 bn worth of cuts on the agenda), that rates need to stay lower for longerhat Should you Do Nowor those with mortgages this is of course good news as we should see rates, and therefore payments to continue to remain low for the foreseeable futureowever it ... [Read More - Wow Leveling Time 1 90]
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