Swap Rates Keep Sliding — And Now Banks Are Reacting.
As noted in my last post, falling wholesale funding costs were creating margin for banks to cut fixed rates. We’ve now seen the first moves:
👉 1-year fixed cut to 4.49%.
This follows the sharp drop in the 2yr swap rate (-0.2%), driven by weaker GDP data and markets reassessing the OCR terminal rate.
For borrowers, this shows how quickly sentiment shifts:
▪️ GDP weakness → markets price in lower OCR.
▪️ Swap rates fall → banks sharpen retail pricing.
adviceHQ provides independent financial advice to help clients position ahead of these shifts — capturing opportunities when markets move.
#adviceHQ #mortgagerates #OCR #independentfinancialadvice
Poll: As a customer, what do you think about automation?
The Press investigates the growing reliance on your unpaid labour.
Automation (or the “unpaid shift”) is often described as efficient ... but it tends to benefit employers more than consumers.
We want to know: What do you think about automation?
Are you for, or against?
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9.4% For. Self-service is less frustrating and convenient.
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43.5% I want to be able to choose.
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47.1% Against. I want to deal with people.
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