Jump to content
House Price Crash Forum
Sign in to follow this  
Surrey cash buyer

5yr Fixed Mortgage Rates Rising

Recommended Posts

Bank base rate may be on hold for a while but for fixed rate money the price is rising.

Had a quick look around the BS web sites, looks like the major societies have put the fixed rates up. Halifax's best 5yr deal now a full 5.19%

The swap rate on which fixed money is based has risen and this is filtering through to mortgage rates.

Bond yields are rising again today so the swap rate still has further up to go.

Share this post


Link to post
Share on other sites

Bank base rate may be on hold for a while but for fixed rate money the price is rising.

Had a quick look around the BS web sites, looks like the major societies have put the fixed rates up. Halifax's best 5yr deal now a full 5.19%

The swap rate on which fixed money is based has risen and this is filtering through to mortgage rates.

Bond yields are rising again today so the swap rate still has further up to go.

So let's say the Halifax are lending money @ 5.19%, how much are they (the Halifax) paying for it on the open market to lend?

Also, can anyone tell me if the US yield curve is still inverted?

Share this post


Link to post
Share on other sites

So let's say the Halifax are lending money @ 5.19%, how much are they (the Halifax) paying for it on the open market to lend?

Also, can anyone tell me if the US yield curve is still inverted?

not any longer

US Bond rates

Share this post


Link to post
Share on other sites

Can someone explain what a swap rate is and how it affects interest rates?

:blink:

As I understand it, it's the agreed rate that high street banks and building societies buy in fixed rate money. The BS then adds a margin and lends it out as a fixed rate mortgage.

The CLP people lend commercial fixed rate mortgages at swap rate +0.75%. So a 5yr fix for 2m or more would today cost 5.72%

Does this mean we will be seeing residential 5yr fixes at 5.7% soon? I don't know. Can an HPC financial guru help with this?

Share this post


Link to post
Share on other sites

Fixed rates are definitely on the rise.

Does anyone anywhere collect data on the average / median interest rates for fixed rates and variable rate mortgages?

Edited by gruffydd

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.