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

"Sold a property, and Gill was amazing throughout the process!"

- Rachel

"nothing written"

- Nadeeka Edirisinghalage

"Keep it up the good work. I thank you very much"

- Richard

"Would highly recommend Peter Anthony when selling your property."

- Gwen

"Dewi kept us up to date & was very understanding of my Mum's situation. I would highly recommend selling with this company."

- Jane

"Abby was prompt to respond to inquiries and very pleasant"

- Christian

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

- James

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

- Roberta