Unfortunately, it’s been another challenging week for mortgage rates. While the increases weren’t quite as sharp as the previous week, they were not far behind with the combined totals across the tables below rising by 12.59%, compared with 14.56% last week. The expectation that oil prices will remain elevated in the short term, and potentially for longer, continues to unsettle markets.

Unfortunately, this week’s update makes tougher reading. The ongoing conflict in Iran continues to drive significant volatility across global markets, with rising oil and gas prices feeding expectations of higher inflation. As a result, swap rates(the rates banks use

Please see below table of the current best rates for purchases available across the various mortgage options and loan to values. A bit like Rachel Reeves’ Spring Statement, rate movements this week have been fairly subtle, just a handful of small tweaks from lenders. Nothing dramatic, but the overall direction is still gently downward, which is exactly what we want to see. From the Spring Forecast, several points lean towards lower interest rates over the medium term:

Please see below table of the current best rates for purchases available across the various mortgage options and loan to values. A relatively quiet week for rate movements, but an all‑green board is always