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 »
Chancellors Autumn Statement Following last week’s figures for inflation and stabilisation of the Swap Rates, some lenders have started to offer further rate reductions ahead of Chancellor Jeremy Hunt’s Autumn Statement tomorrow. This pivotal Autumn Budget will lay out the government’s policy, budget changes, and economic outlook, providing forecasts often used by business planners for …
Swap Rates Stabilise As Lenders Offer Further Rate Reductions Read More »
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 »
The Bank of England (BoE) Monetary Policy Committee voted again today to hold the Base Rate at 5.25% for the second consecutive month. With signs of core inflation and the slide on Sterling both easing, concerns are turning to the risk of a slowing economy and the effect this is all having on the jobs …
Bank of England Holds Base Rate At 5.25% – Have Mortgage Rates Peaked? Read More »
Swaps Rise As Lenders Consider Rate Increases Swap Rates 12/10/23 Swap Rates 27/10/23 Swap Rate Increase The five and ten-year Swap Rates worryingly increased steadily this week as UK inflation holds at 6.7%. Lenders are watching the markets and waiting for next week’s Bank of England decision, but some have chosen to increase their rates …
Swap Rate Volatility, Mortgage Rate Reductions and House Prices Fall Swap Rate Volatility Volatility in the swap market continues, with 2-year swaps increasing slightly while 5 and 10-year swaps continue to fall, implying market expectations that interest rates will remain higher for longer. More Lenders Reduce Rates Mortgage approvals for house purchase and re-mortgage transactions …
Swap Rate Volatility, Further Mortgage Rate Reductions and House Prices Fall Read More »
Swap Rates Fall As Lenders Offer Further Reductions
Today, the Bank of England (BoE) Monetary Policy Committee voted by a narrow majority of 5-4 to hold the Base Rate at 5.25% despite yesterday’s 6.7% inflation announcement that fuelled speculation that a 15th consecutive increase was highly likely. The decision to hold the rate will likely result from a slowing economy and its broader …
Bank of England Hold Rate At 5.25% – What Effect On Mortgages? Read More »
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 »
Swap Rates Fall As Lenders Offer Further Reductions
