Interest rate expectations
7th October 2022
As widely reported, the Chancellor’s mini-budget spooked markets and resulted in the value of the pound sliding and interest rate expectations jumping up.
Swap rates are often used as an early warning of where mortgage interest rates are heading. Immediately after the mini-budget, 5-year swap rates climbed to a high of 5.6% but have since improved a little to 5.2%.
The next few weeks leading up to the Bank of England’s next meeting and the Chancellor’s budget are likely to be volatile for interest rate expectations.
Interest rates are definitely rising but with current volatility the extent they will need to rise is still unclear.
Source: Dataloft, UK investing.com
Employee of the Month – April 2024
9th April 2024
Our Employee of the Month for April 2024 is one of our Maintenance Administrators – Maddie Breed! Maddie has been…
Sales Blossom in Spring
9th April 2024
In the past five years (excluding 2020 due to Covid), springtime bloomed with 27% of home sales, the highest proportion…
Spring budget 2024
7th March 2024
The Spring Budget this year felt very much like a keep calm and carry on budget for the housing market….
