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Top 10 most read mortgage broker stories this week – 02/08/2024
The base rate being lowered by 0.25% to 5% for the first time since 2020 was popular with readers this week.
In our reaction piece, industry experts said that further base rate reductions were not guaranteed, pointing to the slim margin by which the rate cut was passed, with a majority of 5-4.
Our explainer piece discussing the connection between the base rate, swap rates and mortgage pricing was also of interest.
Chancellor Rachel Reeves’ announcement that there was a £22bn “black hole” in public finances, and that she would be cancelling NatWest’s retail sale, also piqued readers’ interest.
Mortgage lenders lowering rates and the trajectory of mortgage pricing rounded out the top 10 most read.
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