Next Intelligence and BlueGamma have launched Swap Rate Monitor, giving brokers free access to daily SONIA swap-rate updates. Because swap markets are an important influence on fixed-rate mortgage pricing, the tool could help advisers explain why lender rates can move quickly even when Bank Rate has not changed.
The backdrop remains uncertain: Moneyfacts reported average two- and five-year fixed rates broadly unchanged at 5.97% and 6.00% respectively, while inflation and Budget-related market expectations continue to shape rate views. Advisers should avoid presenting swap-rate movements as a direct forecast of a particular lender’s next repricing decision.
AI implication: market-monitoring tools can help firms turn fast-moving data into timely client prompts, such as remortgage reviews or product-transfer comparisons. Any AI-generated communication should be checked for accuracy, dated clearly and framed as information rather than personalised advice unless it forms part of the regulated advice process.