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
Swap Rates Fall As Lenders Offer Further Reductions Read More »
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 »
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
When Will Interest Rates Come Down ? Read More »
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
BoE Increase Base Rate By 0.25% To 5.25% Read More »
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
Mortgage Rate Reductions As Swap Rates Stabilise Read More »
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
The FED Increases Rate To 5.5% Despite 3% Inflation Read More »
Swap Rates have finally reduced by 10% across 2, 5 and 10 years. Hopefully with the announcement inflation has fallen from 8.7% to 7.9% earlier today, this may be an indication markets have reached a turning point with less volatility and return to normality giving a bit of breathing space to distressed homeowners.
Swap Rates Fall By 10% Read More »
Swap Rates continue to rise with lenders again withdrawing products to reprice. House prices are down slightly with the average typical UK property costing £285,932 down from the peak last August of £293,992 and Bond Yields surge to a 15 year high as financial markets predict interest rates will climb over 6.5% in 2024. If
Swap Rates Up, House Prices Down & Base Rate Predicted To Top 6.5% in 2024 !! Read More »
