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Barclays reduced their rates today

Nailer99
Nailer99 Posts: 147 Forumite
Part of the Furniture 100 Posts Name Dropper Combo Breaker
in Mortgages & endowments
All the news is about HSBC increasing their rates. 



But Barclays actually decreased theirs today. 

Comments

  • kingstreet
    kingstreet Posts: 39,438 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Nailer99 said:
    All the news is about HSBC increasing their rates. 



    But Barclays actually decreased theirs today. 
    Lenders are using margin cuts to come in and out of the market at different times to make sure they aren't swamped. You'll see regular ups and downs - as one increases, another will be cutting.
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
  • Aberdeenangarse
    Aberdeenangarse Posts: 1,262 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    one worrying problem is swap rates having passed the 4% point for the first time this year. 
  • aoleks
    aoleks Posts: 720 Forumite
    500 Posts First Anniversary Name Dropper
    Aberdeenangarse said:
    one worrying problem is swap rates having passed the 4% point for the first time this year. 
    it's March... the first...
  • Aberdeenangarse
    Aberdeenangarse Posts: 1,262 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Aberdeenangarse said:
    one worrying problem is swap rates having passed the 4% point for the first time this year. 
    Swap rates at 4.5% this morning. 
  • Sarah1Mitty2
    Sarah1Mitty2 Posts: 1,838 Forumite
    1,000 Posts First Anniversary Name Dropper
    Not good news if you are carrying large mortgage debt, could people offset some of the pain with a money market fund?
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