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Mortgage News

Star Letter 31/01/14

Mortgage Solutions
Written By:
Posted:
January 31, 2014
Updated:
January 31, 2014

Each week Mortgage Solutions picks the best reader contributions from our article comments and letters to the editor.

Each week, we also round-up the best comments, emails and letters to the site and pick one reader contribution as our Star Letter. This week’s award goes to:

Carney’s forward guidance U-turn – weak or wise? Marketwatch

Forward guidance has proved to be a mistake. You can’t set your stall out and then back down from it weeks later and not look weak in my opinion.

I still believe he is the right man for the job, but he has lost a little credibility with this climbdown.

His real mistake was to link interest rates and unemployment in the first place. Whilst those of us in the industry understood that the 7% rate was never a trigger, it caused mass confusion (fuelled by the mainstream media in the main)…

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You can read more of this week’s best reader comments in our Star Letter Extra column HERE.