Major bank to cut mortgage rates tomorrow

Barclays is cutting some mortgage rates by up to 0.20 percentage points due to recent increases by lenders, following a volatile period in the swap markets. The Bank of England’s recent interest rate cut to 4.75% has not led to immediate reductions, as experts anticipate a gradual decrease in rates amidst the current economic environment. Mark Arnold of Barclays expressed delight in lowering mortgage rates again, emphasizing the impact of market fluctuations on the decision.

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