Interest Rates in Flux: Are They Rising or Falling?
Introduction
After several months of steadily falling interest rates, there has been some indication over the past few weeks that rates may be starting to rise again amongst some lenders. This has led to confusion over whether the overall downwards trend is reversing. This article will analyze the current situation and explain what is driving these fluctuations.
The Bank of England’s Inaction on Interest Rates is Choking the Economy
The Bank of England (BoE) decided against cutting interest rates this week, a move that many economists believe was a mistake. With inflation rising rapidly and the economy at risk of recession, a rate cut could have provided much-needed stimulus. In this post, I’ll summarise the key arguments made in a recent video about why the BoE should have reduced rates.
Milestone mortgage rate offer signals turning point
This week marked a pivotal moment in the UK mortgage market – the arrival of the first mainstream lender to offer a 5-year fixed rate below 4%. Challenger lender Generation Home stunned many by launching a 5-year fix at 3.94% for a reasonable £999 fee.
Mortgage Rates Set to Drop in January Sales
The new year looks set to kick off with a bang in the UK mortgage market, as lenders compete to offer the best rates since before the short-lived Truss administration. Lower inflation and falling swap rates are aligning to create the perfect conditions for a January mortgage sale.
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