It looks like the Halifax are the latest to announce another series of rate cuts following a wider trend of slow lowering of rates across the board. The cuts are small and the banks seem to be edging forward on this front (albeit slowly).
Swap rates fell a while ago but up until now the banks didn’t seem to care (see my previous post for the reasoning). However, it appears that the herd is now moving so expect more small cuts to come with those who need less than 25% LTV benefiting most. It may well be worth holding out for a few weeks more before remortgaging.
