Swap Rates have risen again sharply this week with 2 years swaps increasing by over 0.5% that has led to lenders again withdrawing rates and re-launching with higher products that reflect the change. The increase is largely due to economic volatility with another Base Rate rise widely predicted by the Bank of England (BoE) when […]
Lenders Hike Rates As Swap Rates Increase Further Read More »
Last week saw a sharp rise in swap rates following negative Bank of England (BoE) and Office for National Statistics (ONS) announcements but data gathered earlier today shows 2, 5 and 10 year Swap Rates have levelled off as lenders re-launch products with increases between 0.35% and 0.5%.
Swap Rates Level Off As Lenders Re-Launch Products Read More »
The number of residential mortgage products has fallen by almost 7% from 5,385 deals to 5,012, while the number of buy-to-let mortgages has decreased by 14% from 2,748 deals to 2,343 in the last week which is having the predicted impact on mortgage rates with the average rates on a two and five year fixed
Mortgage Product Numbers Fall As Lenders Pull Deals Read More »
Several lenders have been forced to withdraw their mortgage products over the last 24 hours in the face of ongoing Swap rate volatility and the adjustment funding markets are making in anticipation of further increases by the Bank of England (BoE). The changed expectation follows the release of data from the Office for National Statistics
Lenders Withdraw Products Following Swap Rate Volatility Read More »
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 »
The Bank of England (BoE) has today raised interest rates for the 12th consecutive time by a further 0.25% taking the Base Rate from 4.25% to 4.50% pushing the rate to it’s highest level since 2008.
BoE Increase Base Rate By 0.25% To 4.50% Read More »
The Bank of England (BoE) has today raised interest rates by a further 0.25% taking the Base Rate from 4.0% to 4.25% in their eleventh consecutive increase in a further attempt to control increasing inflation.
BoE Increase Base Rate By 0.25% To 4.25% Read More »
The Bank of England (BoE) has today raised interest rates by a further 0.5% taking the Base Rate from 3.5% to 4.0% in their tenth consecutive increase in a further attempt to control inflation.
BoE Increase Base Rate By 0.5% To 4.0% Read More »
The Bank of England (BoE) has today raised interest rates by a further 0.5% taking the Base Rate from 3% to 3.5% in their ninth consecutive increase in the last 12 months with the rate now at it’s highest level since October 2008 in an attempt to control inflation that fell from 11.1% to 10.7%
BoE Increase Base Rate By 0.5% To 3.5% Read More »
A continued reduction in Swap Rates has led to lenders making further rate reductions with the comeback of Tracker mortgage products currently seen to be the best value for money.
Further Mortgage Rate Reductions As Swap Rates Continue To Fall Read More »
