A sharp spike in swap rates has prompted a warning that fixed rate pricing has bottomed out and borrowers could miss out if they wait to secure a mortgage.
Between 12 and 14 August, two-year swap rates have jumped 7 basis points to 0.84 per cent, while five and 10-year swaps have rocketed by 17 and 15 basis points to 1.75 per cent and 2.76 per cent, respectively.
Perhaps surprisingly, swap rates remained fairly static in the days after new Bank of England governor Mark…
ContinueAdded by Mark Williams on August 15, 2013 at 10:54 — No Comments
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