Rate conundrum lies ahead

It's interesting times with mortgage rates. About half of all mortgages will reprice over the next six months and advisers will have a key role to play in helping customers. What makes it more challenging is that most of the post OCR cuts yesterday were to floating rates with only a few moving fixed rates lower.

And to add to the challenge, two-year swap rate rose 2 basis points yesterday. The longer term rates are driven by what's happening in the United States and there are fears tariffs will fuel inflation. 

Here are some interesting tables.

In the two year fixed rate you can see how many lenders changed rates and one has moved to a sub-5% level. See the table here