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@anotherklutz Doesn't mean they're right. Do they understand it better than you, or do they just sound like they do, or think they do? None of us has a crystal ball, but the commenter above is right - interest rates spiking to that degree would have massive ramifications which would help nobody...

@anotherklutz Which people?

@atiniir Yes, they'll factor in profit for themselves on top, balanced out by trying to offer competitive rates. That's often the argument in favour of a variable/tracker mortgage, it eliminates the "insurance" factor of a fix, so it can be cheaper, equally if rates do go up, you're then worse...

@anotherklutz Where? Nowhere sane is saying anything close to that, at worst it's "high interest rates / energy crisis continues" etc. Not Mad Max. That's you extrapolating. Seems like you're choosing to read the more extreme projections, then spinning that into an even more extreme...