Articles > Swap Rates

While it may be a little early yet to jump for joy about an economic recovery, recent movement has seen interest rates on mortgages reduce slightly.

Restored confidence (or more accurately, lack of recent bad news) has meant that swap rates (the rates that banks use to lend to each other) have reduced, meaning slightly more affordable lending to the consumer.

The Bank of England continues to put interest rates on hold. The pressure now, which has changed a few times in the last year, is now downward. Fuel price stability has meant that it may be possible for the BoE to reduce rates in the near to mid future to boost a staggering economy, with less risk of sending inflation through the roof.

More of the same, please!