The Telegraph - Sub-5pc mortgage deals will be on the market within weeks, say brokers
Sub-5pc mortgage deals will be on the market within weeks as hopes grow that interest rates are nearing their preak, mortgage brokers say.
Falling expectations for future borrowing costs mean home buyers may be able to get five-year fixes at 4.5pc by the end of October, as more lenders announce rate cuts.
The Telegraph highlights swap rates, which flow directly into mortgage pricing, have fallen significantly in recent days. Five-year swap rates on Thursday were 4.54pc, down by 0.1 percentage points in just two days, and nearly 0.4 percentage points down compared to a month ago.
Aaron Strutt, of Trinity Financial mortgage brokers, told The Telegraph: “We are now at the stage where people are starting to notice a difference, especially if they want a five-year fix.”
Click here to read the full story £
Get started today
Speak to one of our mortgage experts. Book an appointment to come and see us or request one of our experts to call you.
