Tag: Swap Rates

  • What are Swap Rates and How Do They Affect Mortgage Rates?

    What are Swap Rates and How Do They Affect Mortgage Rates?

    Introduction Swap rates hold significant sway on mortgage rates, particularly the Sterling Overnight Index Average (SONIA) swap rates within the UK market. We will look into what swap rates are and their effect on mortgage rates. What is an Interest Rate Swap? Interest rate swaps involve a contractual deal where two parties exchange sets of… Read more