Homeowners Relax As Interest Rates Stay Put

Homeowners Relax As Interest Rates Stay Put


The Bank of England's rate-setting body, the monetary policy committee (MPC), has voted to maintain the official cost of borrowing at 5.25 per cent, following a 0.25 per cent rise in the base rate last month.

If the bank had raised rates, which many pundits though was highly likely, homeowners with a typical 100,000 mortgage would pay 63.79 a month more than they did last August, according to the Independent.

The rate hold follows official figures revealing that mortgage approvals fell in December, suggesting to some experts that the August and November rate rises had started to take hold.

HSBC economist Karen Ward said: "We think the MPC signalled in January that they didn't have any further hikes preconceived and we don't think there has been the data to justify since then," she said.

"The ones last year are still feeding through so it's still going to take some time to have its full impact. It does look like things are slowing already."

Last month, it emerged that inflation was at a 15-year high, which prompted many analysts to predict a rate rise before the summer.

Young people risk impeding their ability to obtain credit in the future because of their reckless approach to borrowing and spending, debt expert and author James Falla has said.

He said that young adults, who rack up massive credit card bills but have no property assets, will probably be advised to go bankrupt because there is no risk to their home.

Mr Falla, who wrote a best-selling guide to debt solutions, said that the younger generations no longer feel obligated to pay off as much as their debt as possible.

"They are just thinking: 'Well, the bank shouldn't have lent me the money in the first place so I am going to go bankrupt'," he said.

Some commentators have expressed concern that consumerism, combined with a 'live for today' attitude, is pressuring young people to take on more debt, thereby increasing the chance of them being refused credit in the future.

Insolvency practitioner Melanie Giles has said that while most debtors feel they ought to repay all their debts, future generations may feel rather differently.

BONUS :
Hot Tubs and Spas to Guided Relaxation

Relaxation is a learning process to teach the brain and body to relax. If you feel, stress and tense it makes relaxing harder to achieve. The changes, learning and practice takes time so be patient it can’t be done overnight.

You have to find the inner you in order to relax and relieve some of the stress. It’s just the beginning. Relieving stress starts with control and management; by getting rid of the stress that can be removed and learning to control the everyday normal stress in our everyday lives.

Start making changes today on getting rid of what stress you can. Make a list of everything that causes you stress. What makes you tense up? Once you narrow your stressors, you can choose which ones to remove from the list. Some stress you do not have control of, so let it go. Pick the most stressful one first and decide using good judgment how to get it off your mind and do it. Don’t just think about it because thinking just makes it worse get rid of it. As the list begins to shorten up you’ll start noticing a difference on how much better you feel.

Relieving some stress and learning how to relax will help you to sleep better so you can make better judgments and you’ll even have more energy as each day passes you by. We all need our sleep; some people need more than others but be sure to get enough. You want to be able to get up in the mornings feeling rested and refreshed ready to take on the challenges of the new day ahead.

How meditation helps you relax:
Have you tried to learn how to meditate into relaxation? Meditation is one of the most effective ways to relax. Meditating is something that should be done each day even once you’re feeling happier and healthier. Don’t stop taking time out to meditate once you are feeling better because you’ll lose all that you’ve trained your brain to do. To learn how to meditate and get the practice you need check out the nearest library or anywhere that sells videos, books and CD’s. Buying a CD you can take to bed for a bedtime story to help you relax or us it when in the hot tub or spa.

The brain has to be taught to do new things and the happier the brain is the happier you’ll be. Happy thoughts make a happy person.

How hot tubs and spas relax you:
Hot tubs and spas are nice for practicing meditation and learning to relax in. Hot tubs and spas can be inside of your home; they can be place outside on a deck or ground either one. You can even buy portable hot tubs that fill up by just adding water, they come equipped with all the necessary chemicals, and supplies just like the permanent ones do. Shop around to find the right one, and to fit your price range and space you have available.


Spas and Hot Tubs have jets built in to move the water and relieve those stiff joints along with heated water to help the relaxing process. Set the CD player away from the water and turn the volume down low and listen.

The CD will let you drift off into space and the water will help relaxation come to. Hot tubs and spas are also good for those achy joints and pain while at the same time helping you to guided relaxation.

Enjoy your CD and newfound relaxation and you’ll feel like a new person.