Blog Post

Interest rates expectations have jumped, but improved a little

TomS - Head Tom Simper Oct 10, 2022, 12:15 PM
279_Dataloft_inform_Insight

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

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

"I honestly can’t sing the praises of the Liverpool branch any higher"

- Phoebe

"Very helpful and proper guidance on time"

- Shine Xavier

"Excellent service, quick to find tenants and organising final checks, no complaints so far!"

- Steve

"Letting through Peter Anthony has been a great experience"

- Gus Beech

"Helpful, cheerful and thorough throughout the whole process"

- Jay

"Sean C. - he is a very helpful person! Cheers!"

- Tomasz

"Yaseen has been fantastic very helpful and good communication all the way through"

- Kate Dawson

"Sean is a really pleasant courteous gentleman to deal with too"

- John