Independent Mortgages Direct NE

Inflation

Eleven Downing Street

Autumn Statement – Chancellor Forecasts Sub 2% Inflation In 2025

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 […]

Autumn Statement – Chancellor Forecasts Sub 2% Inflation In 2025 Read More »

Inflation Graph To October 2023

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

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

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

Inflation Graph Oct 20 - Aug 2023

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

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

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

Inflation Falling Graph With Union Jack

Inflation Falls to 6.8% while House Prices Remain Steady

/ 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

Inflation Falls to 6.8% while House Prices Remain Steady Read More »

Inflation Falling Graph With Union Jack

Headline Inflation Falls but Mortgage Rates Predicted to Rise

The Office for National Statistics (ONS) confirmed inflation has eased to 8.7% in April down from 10.1% in March, following a recent peak of 11.1% in October 2022. The easing has been attributed to gas and electricity price changes while other categories such as recreation, alcohol, tobacco, communication and transport increased. Although headline inflation has

Headline Inflation Falls but Mortgage Rates Predicted to Rise Read More »