NatWest cuts mortgage costs ahead of spring statement
View original at uk.finance.yahoo.comNatWest cuts mortgage costs ahead of spring statement NatWest has cut borrowing costs this week as most lenders adopted a wait-and-see approach ahead of the spring statement that is due on 3 March…
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The change was part of a reprice following the changes to swaps after the Bank of England held interest rates
80% confidenceConsumer prices rose 3% in the year to January, down from 3.4% in December
80% confidenceAverage five-year fixed deal came in at 4.99%, up from the previous 4.94%
80% confidenceIt marks the lowest reading for the Consumer Price Index since March last year
80% confidenceIt is widely expected that no major housing reforms will be announced in Rachel Reeves's statement
80% confidenceAverage rate for two-year fixed mortgage came in at 4.75% this week, higher than last week's 4.53%
80% confidenceFinancial markets are pricing in a 0.25 percentage point reduction in the Bank of England's base rate to 3.5% at its meeting on 19 March
80% confidence