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Rising mortgage rates are ‘state of emergency for housing in this country’ says Ellie Mae O’Hagen

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24 Comments

24 Comments

  1. @andrewkillick2271

    January 10, 2024 at 7:14 am

    She absolutely nailed it. If they rise, I predict it will be a social disaster and force people to shared ownership.

  2. @rioangel8397

    January 10, 2024 at 7:14 am

    Buy buy buy bust bust bust. Lol

  3. @maxbacon4828

    January 10, 2024 at 7:14 am

    Morgagee,s may rest assured that anyone (lucky enough?) to have any savings left have been similarly robbed by zero interest on most bank accounts. I am not talking about people with money but people prudent enough to provide with their own elderly care and funeral costs. More housing ?, we need so much more for our "uninvited guests".There again more teachers are being overloaded with children whose first language is not english. No wonder white working class kids are being left behind in schools today.

  4. @brianlopez8855

    January 10, 2024 at 7:14 am

    If the loan rate goes from 2 to 4% its a doubling of monthly payments early in a mortgage when its all interest. in the 1980' we would have killed to get a 6% loan though.

  5. @unchained5514

    January 10, 2024 at 7:14 am

    She talks about her parents. Valid Points until you realise even the basic rate of tax was higher benefits not as generous and crucially mortgage interest was 10+% so what you gained in lower property price you paid in interest instead.

  6. @mrgrizzlyrides

    January 10, 2024 at 7:14 am

    I was paying 15% interest on my mortgage. When the millennials etc are paying somewhere near that they might get my sympathy.
    You have it pi*s easy, stop moaning.

  7. @starlight7499

    January 10, 2024 at 7:14 am

    Who cares ? Just keep printing Fiat money 💸 .

  8. @nickross4307

    January 10, 2024 at 7:14 am

    its time to stop the banks profiteering on housing via mort.lending – separate housing loans back to building societies – second tax all offshore ownership and foreign ownership…. stop all dual nationality ownership of anything that is in the UK. If you dont pay taxes here then you are not entitled to own any property or business in the UK. and this is just the start… there in more

  9. @arnolddalby5552

    January 10, 2024 at 7:14 am

    Bankers are non productive parasites which means Mortgages should be free with Zero Interest. Carbon and Mortgage Zero could catch on. Hahaha.

  10. @grahamadams936

    January 10, 2024 at 7:14 am

    Left university 40-50 k in debt. Got job but cannot afford to rent so still live with parents. Was hoping to eventually buy but with inflation and rising interest rates hopes now dashed.

  11. @dh1872

    January 10, 2024 at 7:14 am

    Calling everything an emergency is cringe worthy mainstream media screeching. It is also rather frustrating to hear people moaning about every small step of the reset agenda. Nothing was hidden, it was all published and open, but people went along with it. Build back better. You will own nothing, and you will be happy.

  12. @alexmartinlillia

    January 10, 2024 at 7:14 am

    Ellie Mae sounds worried, lols these home owners have had it easy for to many year, with no mortgage interest rate rises, just saying!

  13. @mikey673442

    January 10, 2024 at 7:14 am

    The British Baby Generation. Labour dopes? Getting into unaffordable debt is no one’s fault but yours? Affordable housing while 700,000 new folks arrive each year? How does that work? Slum Landlords filling their pockets. No mention though. Politicians useless chancers?

  14. @AdamWebb1982

    January 10, 2024 at 7:14 am

    Hopefully house prices will crash and normal people will be able to afford them.

  15. @lumpyfishgravy

    January 10, 2024 at 7:14 am

    When I fixed for 10 years a few months ago I was slightly cross at myself for leaving it so late (so it seemed).
    Sadly, this could be yet another challenge to the next generation. Where will it end for them? Shit degrees, no pension, can't afford a house, rising taxes. Something's got to give.

  16. @jeffreychongsathien

    January 10, 2024 at 7:14 am

    No, sky high prices and debt is the problem. Interest rates are part of the solution.

  17. @cashkitty3472

    January 10, 2024 at 7:14 am

    Who is this random women taking. If interest rates go up house prices come down because of affordability. So she will be better off until the typing point is reached. It's the overstretched recent buyers that will suffer unless they fixed the deal

  18. @stringer-ik1pc

    January 10, 2024 at 7:14 am

    This girl needs elocution lessons.

  19. @MinkieWinkle

    January 10, 2024 at 7:14 am

    what do you expect, with over ten years of artificially low interest rates. they were going to go up at some point, was just a matter of when

  20. @evolassunglasses4673

    January 10, 2024 at 7:14 am

    Official inflation figures are as dodgy as Chinese figures.

  21. @ricardosmythe2548

    January 10, 2024 at 7:14 am

    If an interest rate rise means your mortgage becomes unaffordable your either right at the bottom of the market and not at fault or your financially irresponsible and have been living a life you can't afford 🤷‍♂️

  22. @TG-ts3xn

    January 10, 2024 at 7:14 am

    It’s like nobody is aware of what happening in China…. 🙃

  23. @macraghnaill3553

    January 10, 2024 at 7:14 am

    complain when the interest rate hits 15%

  24. @briancox9357

    January 10, 2024 at 7:14 am

    "You will own nothing, and you will be happy."

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