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Swap rates ticking back up

ended 13. May 2025

Swap rates are edging back up. Any thoughts on why this might be and whether it is likely a short-term movement or the beginning of a wider repricing after last week's BoE minutes and a less clear rate trajectory, send them across. We'll be issuing this to the media tomorrow AM sharp.

2 responses from the Newspage community

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Editor
Justin Moy
Managing Director at EHF Mortgages
Nothing is ever linear and there is always the chance that we see a slowdown in cuts or even an uptick in mortgage rates, given the many factors worldwide that can influence the cost of borrowing. There is always the chance this could be a short-term blip, but no one can ever predict more than a few days away at the moment!

As always, we encourage borrowers to make timely decisions and to reserve rates as soon as they can, nothing worse than a mad panic and not being document-ready to make a decision.
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Editor
Pete Mugleston
Mortgage Advisor & Managing Director at onlinemortgageadvisor.co.uk
It's always tricky to pinpoint what exactly is causing this, and this is even truer with the uncertainty in the global economy at the moment. One theory is that it could be a reaction to Trump's announcement of a 90-day pause on tariffs between the US and China. The thinking may be that rates will not need to be cut as sharply now that trade relations have been 'normalised' for the time being. That said, it could just be short-term fluctuations playing out in a longer downward trend.