📊 Weekly Mortgage Market Update
It’s been another uncertain week in the mortgage market, with rates moving in both directions and no clear trend emerging.
🔁 What’s happening?
Swap rates (which lenders use to price fixed mortgages) have been volatile again, as markets react to inflation concerns and global events. This has made lenders more cautious.
🏦 What does that mean for mortgage rates?
- Some lenders made small rate cuts earlier in the week
- Others are now pausing or repricing
- Deals are changing quickly and not always sticking around
👉 Overall, we’re seeing a “wait and see” market, rather than steady improvements.
💡 What should you do?
🏠 Remortgaging in the next 6 months?
✅ Secure a rate today
✅ Protect yourself from potential increases
✅ Review or switch if rates improve
🔑 First-time buyers & home movers:
- The market is still moving, but timing it perfectly is very difficult
- Rates can change quickly, so having a plan in place is key
- Getting mortgage-ready early (agreement in principle, affordability checked) puts you in a stronger position when you find the right property
📩 If you want to talk through your options, feel free to get in touch.
