09/06/2026
🏦 Swap rates are basically the financial market’s prediction of where interest rates are heading in the future.
Think of them as the mortgage world’s weather forecast 🌦️
☀️ If the forecast looks positive, mortgage rates may come down.
🌧️ If the forecast looks gloomy, mortgage rates may go up.
Lenders use swap rates to help decide how much they’ll charge for fixed-rate mortgages.
So… ( despite what the media will say)
❌ Base Rate goes down doesn’t automatically mean mortgage rates go down.
❌ Base Rate goes up doesn’t automatically mean mortgage rates go up.
Because the markets are always trying to guess what happens next.
🏋️♂️ It’s a bit like stepping on the scales…
You might have had a perfect week in the gym, but the scales don’t always tell the whole story!
Mortgage rates work in a similar way — they’re often reacting to what people think is coming, not just what’s happening today.
The good news?
You don’t need to understand swap rates inside out.
That’s what your friendly Mortgage Fitness Guy is here for.
If you’re wondering whether now is a good time to fix your mortgage, let’s have a chat.
[email protected]
Mark Burton Mortgage and Protection Services is a trading style of Mark Burton Mortgage and Protection Services Limited which is an appointed representative of The Openwork Partnership, a trading style of Openwork Limited, which is authorised and regulated by the Financial Conduct Authority.
Approved by the openwork partnership on 4/6/2026
