Blog Post

Swap rates show fall in borrowing costs

TomS - Head Tom Simper Oct 24, 2022, 12:30 PM
281_Dataloft_inform_Insight

Recent political instability added to volatility in the financial markets and pushed up the cost of borrowing.

Swap rates are a good indicator of what to expect in borrowing costs because they reflect what borrowing costs for the lenders. 5-year swap rates rose to 5.6% after the mini budget but have since fallen back on the news of the Chancellor’s resignation and then again when the Prime Minister resigned.

Lower swap rates show financial market approval that the Truss Growth Plan was finally put to bed.

Overall, interest rates are definitely rising but recent volatility exaggerated the impact. Once the markets settle, there will be a clearer line of sight on interest rate expectations. Source: Dataloft, UK investing.com

Leave a comment
Newest on top Oldest on top
Load more comments
Thank you for the comment! Your comment must be approved first
comment-avatar

"Abbey was very nice and explanatory in all she was saying and Gill is quick to respond"

- Tope

"Sean was really lovely on our inspection. Quick, easy and efficient. Thank you!"

- Roberta

"As a tenant, this might be the best agency I've worked with so far."

- Jeddy

"I was shown around a property by Abbey Bird, it was a lovely viewing"

- Sophia

"Very good estate agency"

- Junaid

"nothing written"

- Nadeeka Edirisinghalage

"If you need an Estate Agent who is going to really go the extra mile, Dewi is THAT person."

- James

"Great experience with Peter Anthony! Yaseen Hassan was professional, responsive, and incredibly helpful"

- Samuel Benedict