Some time ago I could have sold some gold and silver to pay my wife's student loan. Instead I said "screw the Chinese" and fixed a low rate for 15 years.
Thanks Mr. Wen!
We have seen nothing yet. Especially when interest rates will go two digits in a few years time the sky will be falling.
http://property.timesonline.co.uk/tol/life...icle5948641.ece
Let's wait and see how much consolation these flexible rate mortgages really are.