Swap market rates

Discussion in 'The Fair Mortgage Rates Campaign' started by TC2015, Feb 13, 2018.

  1. TC2015

    TC2015 Registered User

    Posts:
    7
    Hi, as most banks use this data to calculate break costs on a fixed rate mortgage is there anywhere I can access historical data for swap rates??

    I intend to break out of a 3-year fixed rate with Ptsb soon.

    Any link to the info or assistance would be appreciated.
     
  2. Trixie

    Trixie Registered User

    Posts:
    11
    Hi,

    I am thinking of going into a fixt rate mortgage for 3 years with Ulster Bank the rate they have offered is 2.75%. I never had a fix rate before. I
    am currently on t 3.80% with them.

    Ulster Bank are saying mortgage rates are going to increase. I am not so sure, country growing.

    I am concerned about been tied into a fixed rate for 3 yrs.

    What do people think, is it a good time to fix or should I stay on the variable rate.
     
  3. Coldwarrior

    Coldwarrior Registered User

    Posts:
    19
    Rates will likely start to rise early next year, fix now for as long as you can IMO, especially if your current rate is 3.8%. I can't post a link here to where to view historical swap rates but google 'the ice swap rates' and you'll find it.
     
  4. MacktheKnife

    MacktheKnife Registered User

    Posts:
    10
    Last edited: Mar 4, 2018
    Inflation is not hitting the targets the ECB have set, they indicated during the week that QE may have to go on for longer than anticipated.
    Therefore i think it is doubtful that rates will rise next year.
     
    Last edited: Mar 4, 2018
    Dauhee likes this.