OCR Hike: The 5 Factors Driving Mortgage Rates | Episode 533
The OCR is up but that doesn’t tell you the whole story about where mortgage rates are heading.
James and Mike break down what actually determines your interest rate, unpacking the OCR, swap rates, wholesale funding, customer deposits and bank competition, before looking at what rising rates could mean for borrowers and the property market.
Next Steps: Want to understand what rising rates could mean for your mortgage? Speak to Mike and the Lighthouse Mortgages team about your options.
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The skinny
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