LIBOR still dropping...

mark55man

does this mean we should be seeing a reduction in mortgage rates anytime soon?

tvmia

inspector_monkfish

mark88man wrote: »

does this mean we should be seeing a reduction in mortgage rates anytime soon?

tvmia

you would think so, wouldn't you!?
sadly, mortgage lenders don't seem to think this way anymore....:cool:

inspector_monkfish

LIBORs 29/04

3mth 1.4550 (down 1pt)
6mth 1.6675 (down 1pt)
12mth 1.9200 (down 0.625pts)

inspector_monkfish

LIBORs 30/04

3mth 1.45188 (down 1/2pt)
6mth 1.65750 (down 1pt)
12mth 1.9150 (down 1/2pt)

inspector_monkfish

LIBORs 01/05

3mth 1.44563 (down 1/2pt)
6mth 1.6525 (down 1/2pt)
12mth 1.90938 (down 1/2pt)

inspector_monkfish

LIBORs 05/05

3mth 1.43563 (down 1pt)
6mth 1.64463 (down 1pt)
12mth 1.90125 (down 1pt)

foreversummer

I am very grateful that you post this useful information each day Inspector Monkfish. Do you also have access to swap rates? Are they generally on the way down now? I have tried looking them up on various sites but do get rather confused.

Foreversummer

inspector_monkfish

foreversummer wrote: »

I am very grateful that you post this useful information each day Inspector Monkfish. Do you also have access to swap rates? Are they generally on the way down now? I have tried looking them up on various sites but do get rather confused.

Foreversummer

what particular swap rates do you need?
i can have a look for you

RomansProperties

foreversummer wrote: »

I am very grateful that you post this useful information each day Inspector Monkfish.

Me Too
Cheers

inspector_monkfish

Does this help.....?


15:49 05May09 SWAPS: GBP Curve Drifting Flatter, Supply and QE Awaits

[14:48 SWAPS: GBP Curve Drifting Flatter, Supply and QE Awaits] London, May 05
The Sterling curve continued to flatten as the market awaited the developments on the QE front form the MPC and supply from the GBP3.5bn 10-year auction. The auction should benefit from the tenor cheapening on the prospect of the budget revealing an increase in supply. 10-year spreads versus the 4% 2019 gilt are currently quoted around a 1935 bp mid which is at the lower band of the recent range. Traders commented that the tenor has seen outright bids hovering
all day into the flatter 2s/10s which has reached a low of 62.5 bp. The International Finance Facility for Immunisation (IFFIm) has mandated HSBC and The Royal Bank of Scotland to lead manage its inaugural GBP benchmark. The 5- year,
issue will be launched in the near future, subject to market conditions.