Here is our weekly heads-up on the stories that may have caught your clients' attention over the weekend...
Mortgage rates to plunge ‘within days' The Telegraph reports "violent moves" in the wholesale markets will trigger lower rates and cheaper deals on mortgages within days. It said mortgage rates are expected to fall to an all-time low this week as lenders pass on "unprecedented" market falls. The article explains the UK Bank Rate is not expected to rise until August 2019 but only six weeks ago the prediction had been for a rise by the end of this year. It said: "These markets affect the price of ‘swaps' where banks lend and borrow money from one another at fixed rates. Thi...
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