Interest Rates - Independent Mortgages Direct NE

Four High Street Lenders Offer Further Rate Reductions

Swap Rates Stabilise As Lenders Offer Further Rate Reductions

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 »

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

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

Bank of England Holds Base Rate At 5.25% – Have Mortgage Rates Peaked?

Interest Rates / Gary Howe

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

House Prices, Interest Rates / Gary Howe

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

Swaps Rise As Lenders Consider Rate Increases Read More »

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

House Prices, Interest Rates / Gary Howe

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 Further As Lenders Offer More Reductions

Interest Rates / Gary Howe

Swap Rates Fall As Lenders Offer Further Reductions

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

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

Interest Rates / Gary Howe

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 »

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

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

Swap Rates Stable As Lenders Lenders Offer Further Reductions August 2023

Swap Rates Fall As Lenders Offer Further Reductions

Interest Rates / Gary Howe

Swap Rates Fall As Lenders Offer Further Reductions

Swap Rates Fall As Lenders Offer Further Reductions Read More »

Mortgage Price War Predicted As Lenders Offer Rate Reductions

Interest Rates, Mortgage Market / Gary Howe

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

Mortgage Price War Predicted As Lenders Offer Rate Reductions Read More »