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What are swap rates?

What are swap rates?

Discover how swap rates influence mortgage interest rates and gain a clear understanding of what swap rates actually are. When it comes to mortgage interest rates going up or down, you may have heard the media and mortgage industry experts talking about swap rates....

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Mortgage rates at their lowest for six months

Mortgage rates at their lowest for six months

Good news from Moneyfacts – rates are lower than they’ve been since last summer. Mortgage rates have fallen to their lowest level for six months, according to independent financial website Moneyfacts. New figures posted on its website have shown that the average two...

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Mortgage rates fall again in January

Mortgage rates fall again in January

Mortgage rates have come down again, so does this mean that rates will continue to fall? Earlier this week, it was announced that one of the major banks was offering lower than 4% mortgage deals, with more lenders expected to follow suit. It’s important to note that...

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The base rate remains at 5.25% again

The base rate remains at 5.25% again

The Bank of England reviewed the base rate on 14 December and chose to keep it the same for the third consecutive time. The Bank of England’s Monetary Policy Committee (MPC) has today voted to keep the base rate at 5.25%. The rate increased 14 times between December...

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Mortgage interest rates have come down

Mortgage interest rates have come down

Good news for home movers and first-time buyers. Major lenders have cut mortgage interest rates, with some fixed rates rates coming down below 5%. Mortgage interest rates have gone down more substantially than we’ve seen recently. Santander, the Bank of Ireland and...

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The base rate goes up to 5.25%

The base rate goes up to 5.25%

The base rate has gone up to 5.25%, marking the fourteenth consecutive increase in the last 18 months. Find out what it means for your mortgage payments. The Bank of England has increased the base rate from 5% to 5.25%. The increase was widely anticipated, despite...

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Inflation dropped in June

Inflation dropped in June

Inflation fell to 7.9% in June, which marked a pleasant surprise for the mortgage industry. So what will happen with interest rates now? Read on… With rising interest rates, and the cost of living still expensive, you could be forgiven for thinking there’s very little...

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