Inflation - Independent Mortgages Direct NE

Lenders Resume Fight For Business As Swap Rates Continue To Rise

Inflation, Interest Rates, Mortgage Market / Gary Howe

Rate Reductions Amidst Uncertainty In a bold move this week, numerous lenders have opted to reduce their rates, aiming to invigorate business volumes in the face of persistent inflationary pressures. Despite reports indicating stubborn inflation, these lenders are betting on rate reductions to stimulate demand and bolster their market share. The decision comes amidst widespread […]

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Base Rate Held At 5.25% As Inflation Falls To 3.4%

Inflation, Interest Rates, Mortgage Market / Gary Howe

Base Rate: 5.25% Inflation: 3.4% Average House Price: £285,000 Bank Of England MPC – Why They Are Wrong It’s a glaring disgrace that the Bank of England’s Monetary Policy Committee (MPC) has voted 8-1 to turn a blind eye to the genuine financial struggles facing the public despite a noticeable drop in inflation. With inflation

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Base Rate Held At 5.25% While Lenders Increase Rates

Inflation, Interest Rates, Mortgage Market / Gary Howe

Base Rate Held At 5.25% At the first Bank of England’s (BoE) Monetary Policy Committee (MPC) meeting in 2024, they unsurprisingly voted 6-3 to maintain the current Base Rate at 5.25% for a fourth consecutive month, backed by the objective to bring inflation down to meet their 2% target. The decision to hold the UK

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Lenders Fight For Market Share As Swap Rates Increase

Inflation, Interest Rates / Gary Howe

Mortgage Rates Fall As we step into 2024, the mortgage lending sector is witnessing an intense battle for market share. This competition is unfolding against a backdrop of global financial pessimism, heavily influenced by current UK and world events. The uncertainty surrounding these events is shaping monetary policies, adding layers of complexity to an already

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Inflation Falls Below 4% And Swap Rates Continue To Fall

Inflation, Interest Rates / Gary Howe

Inflation Falls Below 4% The Office for National Statistics (ONS) announced today that Consumer Prices Index (CPI) annual inflation fell from 4.6% in October to 3.9% in November and is now at its lowest for over two years. Inflation below 4% is great news to end a turbulent year and should continue to ease the

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Bank of England Holds Base Rate At 5.25% While Swap Rates Fall Below 4%

Inflation, Interest Rates / Gary Howe

Base Rate Held At 5.25% The Bank of England (BoE) Monetary Policy Committee voted again today to hold the Base Rate at 5.25% for the third consecutive month amidst concerns that stubborn inflation remaining more than double the BoE’s 2% target is starting to affect the wider economy with fears of a protracted slump or

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Autumn Statement – Chancellor Forecasts Sub 2% Inflation In 2025

Inflation, Interest Rates, Mortgage Market / Gary Howe

Inflation Forecast In today’s Autumn Statement (for Growth), Chancellor Jeremy Hunt said the Government was on track to reducing debt, cutting taxes, and controlling inflation. With inflation down from 11.1% when he and Prime Minister Rishi Sunak took office to 4.6%, he went on to say the Office for Budget Responsibility (OBR) has forecast inflation

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Inflation Falls, Swap Rates Down – Mortgage Rate Cuts On The Way ?

Inflation, Interest Rates / Gary Howe

The Office for National Statistics (ONS) released figures today showing better-than-expected figures for inflation, which fell sharply from 6.7% in September to 4.6% in October. The sharp fall in inflation is mainly attributed to another fall in energy prices. The sharp fall in inflation justifies the Bank of England (BoE) Monetary Policy Committee’s decision to

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Inflation Falls To 6.7% – Is Another Rate Rise Likely?

Inflation, Interest Rates / Gary Howe

Mortgage lenders have recently re-priced products based on an anticipated 0.25% interest rate increase tomorrow. That would be the 15th consecutive increase, taking the base rate from 5.25% to 5.5%, but this now looks less likely. Financial markets have reacted to the inflationary figures with short-term (2 and 5 years) Swap Rates falling by almost

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Inflation Falls to 6.8% while House Prices Remain Steady

House Prices, Inflation / Gary Howe

/ Inflation / By Gary The latest figures from the Office for National Statistics (ONS) below show inflation falling from 7.9% in June to 6.8% in July. With inflation heading in the right direction, Swap Rates stabilised and lenders continuing to apply rate reductions to their products we may be turning the corner but should not be complacent

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