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Papitogrande

Some Mortgage Rates Down

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A couple of the big lenders are dropping rates, by a reasonable margin IMO. Halifax have lowered the 2yr fixed by 0.57% and the fees are lower too. C&G have launched lower rates and the feeling is that most lenders will follow suit.

Eternal optimists are applauding 'turning the corner', although it's probably shortlived.

Also very notable is how much the margin on tracker rates is dropping, usually a clear sign that lenders think the base rate will rise.

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A couple of the big lenders are dropping rates, by a reasonable margin IMO. Halifax have lowered the 2yr fixed by 0.57% and the fees are lower too. C&G have launched lower rates and the feeling is that most lenders will follow suit.

Eternal optimists are applauding 'turning the corner', although it's probably shortlived.

Also very notable is how much the margin on tracker rates is dropping, usually a clear sign that lenders think the base rate will rise.

LIBOR also down. Can anyone explain what is going on?

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I checked these earlier this week and they were up from last time I looked. e.g. 3 yr fixed at 75-90% LTV was 7.04% - SVR is 7%. Have they since changed?

They are changing on monday, quite a few other lenders will also lower rates next week.

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Yep prices will level, bulls rush in and get it in the neck, as bubble continues to deflate.

Standard bubble procedure.

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LIBOR also down. Can anyone explain what is going on?

Remember the 3 monthly cycle, next pressure point in september

The central banks are pumping money into the system and putting pressure on the banks.

Think about it, why would banks lend money out at a lower rate when they could easily lend the money to an equally prime customer at a higher rate? It doesnt make any business sense at all.

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  • 401 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%



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