Mortgage Rates are Falling
Mortgage rates are falling as markets believe monetary policy tightening will end sooner than originally expected. In other words, interest rate rises got ahead of themselves.
The graph below shows the 3yr swap rate which indicates bank funding costs have fallen 1% since the 16 June peak, (from 4.6% to 3.6%). If you are wondering what is the gap between swap rates and mortgage rates, it's called margin.
Call/email/message adviceHQ now to refix/refinance/restructure.
Riddle time: Because lawn mowing can wait!
George, Helen, and Steve are drinking coffee. Bert, Karen, and Dave are drinking soft drinks.
Following this pattern, is Elizabeth drinking coffee or a soft drink?
Do you think you know the answer to our daily riddle? Don't spoil it for your neighbours! Simply 'Like' this post and we'll post the answer in the comments below at 2pm.
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Poll: Is dumping an issue in your neighbourhood?
There's nothing worse than strolling around the streets in your neighbourhood and seeing dumped rubbish.
Have you noticed this in your area? What could we do to combat this around the country?
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41.9% Yes, I've seen some illegal dumping
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57.4% No, our neighbourhood is pretty good
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0.7% Other - I'll share below
Can you crack Today’s neighbourhood conundrum?
Without a bridle or a saddle, across a thing, I ride a-straddle. And those I ride, by help of me, though almost blind, are made to see. What am I?
Do you think you know the answer to our daily riddle? Don't spoil it for your neighbours! Simply 'Like' this post and we'll post the answer in the comments below at 2pm.
Want to stop seeing riddles in your newsfeed?
Head here and hover on the Following button on the top right of the page (and it will show Unfollow) and then click it. If it is giving you the option to Follow, then you've successfully unfollowed the Riddles page.
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