Mortgage Rates Soar to Highest Level in 15 years

Mortgage rates have now soared to the highest level seen in fifteen years, and the average rate on a two year fixed deal is 6.6%, meaning misery for many. But why has this happened, and what can we do to escape from it? IN this episode, Rob breaks down the reasons, and more importantly, the causes of this tragic situation. KEY TAKEAWAYS The virus brought on a black swan event that handed complete control to the powers on high, meaning that they can manipulate our lives at will. Quantitative easing has messed up the economy, and will only continue to do so. Things are bad, and need a fundamental change in order to fix. We are now in a situation where there’s far too much currency floating around, and the only tool we have is to raise interest rates. It’s a desperate move. BEST MOMENTS 'People got lazy….’ ‘Because of NATO policy, we’ve pushed Russia to the brink’ ‘The government response meant no more Russian oil’ VALUABLE RESOURCES Wharf Financial – https://linktr.ee/wharffinancials ABOUT THE HOST Rob Smallbone is the author of the Amazon best-seller Buy-To-Let: How To Get Started as well as 101 Top Property Tips and Property FAQ’s. BOOKS  Property FAQs = https://amzn.to/3MWfcL4   Buy To Let: How To Get Started = https://amzn.to/3genjle   101 Top Property Tips = https://amzn.to/2NxuAQL   WHERE TO FIND US https://linktr.ee/thepropertynomadspodcast uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast