LIBOR still dropping...

inspector_monkfish

LIBORs 22May

3mth 1.2925 (down 1pt)
6mth 1.50563 (down 1pt)
12mth 1.76813 (down 1pt)

i'm off now until monday june 1st
hope you can cope without me

crispy2_2

Libor is still dropping but 5 year interest rates are edging up.

5 yr swap
19May 3.16 21May 3.23

5 yr gilt
19May 2.46 21May 2.58

Here's a graph (sorry, newbie and can't embed)
docs.google.com/File?id=dgdxqcx_3d2q7qjdt_b

marvin

cbrpaul wrote: »

when you start to see the LIBOR drops have an effect on you , let me know !!!!!

Sorry guys , but i just cant see it

£60 drop in the monthly mortgage payment from Feb expect another drop in July (June 1 price fix not applied till next payment date 1st July) gives me 3 months to look at the market and see if there is anything better I could change to.

How much more effect doyou want to see?

inspector_monkfish

LIBORs 1st June

3mth 1.27250 (2pts lower than a week ago)
6mth 1.48438 (2pts lower than a week ago)
12mth 1.75375 (2pts lower than a week ago)

RomansProperties

inspector_monkfish wrote: »

LIBORs 1st June

3mth 1.27250 (2pts lower than a week ago)
6mth 1.48438 (2pts lower than a week ago)
12mth 1.75375 (2pts lower than a week ago)

Good to have you back
Cheers for the information

inspector_monkfish

sorry, i was off yesterday....

LIBORs 2nd June

3mth 1.27125
6mth 1.48188
12mth 1.7525


LIBORs 3rd June

3mth 1.26813
6mth 1.47625
12mth 1.7500

all slightly lower again

lemonjelly

Welcome back inspector!

I've missed you this past week!

inspector_monkfish

LIBORs 4th June

3mth 1.26563
6mth 1.47188
12mth 1.74625

all down less than half a point

crispy2_2

... But 5 year rates are still going up. Quite funny how consistently short term Libor is dropping whilst 5 year rates are rising. That's what they call the 'yield curve steepening'. 5 year rates are much more relevant to the cost of 5 year fixed rate mortgages than Libor.

5 yr swap
3June 3.4

5 yr gilt
3June 2.58

Recent lowest on 5 year swap was 2.93 on 16th Feb.

crispy2_2

Ooh look I can post links now :j