Moneyfacts reported average two-year and five-year fixed rates broadly unchanged at 5.97% and 6.00% respectively. Yet market conditions remain unsettled: inflation was reported at 3.5%, mortgage approvals have declined for a third consecutive month, and HMRC recorded 94,800 seasonally adjusted residential transactions in September, down marginally month on month and 4% year on year.
Free daily SONIA swap-rate updates through Next Intelligence and BlueGamma’s Swap Rate Monitor may help brokers explain why lender pricing can move before a Bank Rate decision. AI tools can turn market feeds into timely client prompts and scenario-led communications, but they should not present swap movements as a forecast or guarantee of future mortgage rates.