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Business & Economics

Lenders to launch mortgage price war ‘within days’

Telegraph
Summary
Nutrition label

77% Informative

Interest rate swaps used to price fixed-rate mortgages have dropped substantially.

Two-year swaps, which are more closely linked to near-term interest rate expectations, fell as low as 3.64pc on Monday .

This is down from above 4pc before Liz Truss ’s mini-Budget speech on April 2 .

Mortgage brokers said sub-4pc rates for buyers with large deposits could soon become norm.

Coventry Building Society announced mortgage cuts over the weekend .

VR Score

82

Informative language

85

Neutral language

1

Article tone

semi-formal

Language

English

Language complexity

42

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1

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