Independent Mortgages Direct NE

House Prices

Interest Rate Seesaw

Swap Rate Volatility, Further Mortgage Rate Reductions and House Prices Fall

Swap Rate Volatility, Mortgage Rate Reductions and House Prices Fall Swap Rate Volatility Volatility in the swap market continues, with 2-year swaps increasing slightly while 5 and 10-year swaps continue to fall, implying market expectations that interest rates will remain higher for longer. More Lenders Reduce Rates Mortgage approvals for house purchase and re-mortgage transactions

Swap Rate Volatility, Further Mortgage Rate Reductions and House Prices Fall Read More »

Inflation Falling

Inflation Falls to 6.8% while House Prices Remain Steady

/ Inflation / By Gary The latest figures from the Office for National Statistics (ONS) below show inflation falling from 7.9% in June to 6.8% in July. With inflation heading in the right direction, Swap Rates stabilised and lenders continuing to apply rate reductions to their products we may be turning the corner but should not be complacent

Inflation Falls to 6.8% while House Prices Remain Steady Read More »

Swap Rates Up House Prices Down

Swap Rates Up, House Prices Down & Base Rate Predicted To Top 6.5% in 2024 !!

Swap Rates continue to rise with lenders again withdrawing products to reprice. House prices are down slightly with the average typical UK property costing £285,932 down from the peak last August of £293,992 and Bond Yields surge to a 15 year high as financial markets predict interest rates will climb over 6.5% in 2024. If

Swap Rates Up, House Prices Down & Base Rate Predicted To Top 6.5% in 2024 !! Read More »

House Price Falling

House Prices Down 2.3% In November – Largest Drop Since Financial Crisis

In November, house prices were down 2.3% in a month to an average of £285,579, according to the latest Halifax House Price Index. Overall almost £7,000 was wiped off house prices as the UK registered its third consecutive month of price falls and the largest since the financial crisis in 2008. But average prices are

House Prices Down 2.3% In November – Largest Drop Since Financial Crisis Read More »