Barclays cuts some mortgage rates by up to 0.20 percentage points, responding to swap market changes.

Barclays, a major UK bank, will reduce some mortgage rates by up to 0.20 percentage points starting Wednesday. This move follows a volatile period in the swap markets, which lenders use to price mortgages. The bank is acting swiftly to pass on benefits to its mortgage customers. While this doesn't reverse the overall trend of rising rates, it could signal further repricing across the market if conditions remain stable.

November 26, 2024
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