Interest Rates - Independent Mortgages Direct NE

Swap Rate Volatility, Further Mortgage Rate Reductions and House Prices Fall

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 […]

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Swap Rates Fall Further As Lenders Offer More Reductions

Interest Rates / Gary

Swap Rates Fall As Lenders Offer Further Reductions

Swap Rates Fall Further As Lenders Offer More Reductions Read More »

Royal Exchange Bank of England London Picture

Bank of England Hold Rate At 5.25% – What Effect On Mortgages?

Interest Rates / Gary

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

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

Inflation, Interest Rates / Gary

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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Swap Rates Stable As Lenders Lenders Offer Further Reductions August 2023

Swap Rates Fall As Lenders Offer Further Reductions

Interest Rates / Gary

Swap Rates Fall As Lenders Offer Further Reductions

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Mortgage Price War Predicted As Lenders Offer Rate Reductions

Interest Rates, Mortgage Market / Gary

Despite last weeks interest rate increase by the Bank of England (BoE) in a further attempt to control inflation the UK’s largest residential mortgage lender Halifax have adjusted their pricing and reduced rates by as much as 0.71% on selected fixed rate product with other big lenders having already done so sparking predictions of a

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When Will Interest Rates Come Down ?

Interest Rates / Gary

The Bank of England (BoE) have again raised interest rates by 0.25% but the big question on everyone’s mind is – When will interest rates come down ? In an important change in language when delivering todays rate increase it was indicated we should not expect rates to fall any time soon and they will

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BoE Increase Base Rate By 0.25% To 5.25%

Interest Rates / Gary

As expected The Bank of England (BoE) has today raised interest rates for the 14th consecutive time by a further 0.25% taking the Base Rate from 5.0% to 5.25% pushing the rate to it’s highest level since 2008 in a further attempt to reduce headline inflation. The Monetary Policy Committee (MPC) voted 6-3 in favour

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Mortgage Keyboard With Red Mortgage Button

Mortgage Rate Reductions As Swap Rates Stabilise

Interest Rates, Mortgage Market / Gary

Following recent reductions in Swap Rates lenders are cutting product interest rates ahead of next week’s Bank of England (BoE) Monetary Policy Committee meeting on 3rd August at which they are widely predicted to increase the Base Rate further in order to keep the pressure on to reduce inflation to their 2% target. If you

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The FED Increases Rate To 5.5% Despite 3% Inflation

Interest Rates / Gary

The Federal Reserve has raised interest rates to 5.5%, despite US inflation confirmed at 3% in June. It has become obvious that major economies are determined to meet their 2% targets through increased interest rates. With August’s Bank of England (BoE) Monetary Policy Committee meeting just around the corner, this decision could spell trouble for

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