Nationwide Changes Mortgage Rates

Nationwide has given an update.

Nationwide made an announcement about changes starting on July 7.

Nationwide said it will lower rates on some mortgages. This might make other lenders change their prices too.

Nationwide will lower mortgage rates by up to 0.19%. The new rates start on July 7.

Carlo Pileggi from Nationwide said they want to help all borrowers. The changes will help Nationwide stay competitive.

The lender is cutting mortgage rates.

Brokers like the announcement. One broker said it's a good start to the week.

He said rates are not what they used to be, but they're getting better.

Another broker said the lowest rate isn't always the best. More competition helps borrowers.

A property expert said any change like this is good for the property market. He hopes the change in government doesn't stop this positive movement.

Harry Goodliffe

Harry Goodliffe said lenders are competing again. Lower swap rates give lenders room to adjust prices.

He doesn't think Nationwide will be the last lender to cut rates. As long as swap rates stay stable, rates might keep going down.

Justin Moy said this is Nationwide's second rate cut in a week. Borrowers are feeling more confident as rates get closer to 4%.

Katy Eatenton said big lenders are making moves. Borrowers should not take anything for granted because things can change quickly.

Jamie Elvin

Jamie Elvin said if swap rates stay the same, other lenders might cut rates too. Borrowers shouldn't wait for a better deal, a good deal today is often better.

Rohit Kohli warned that even though lenders are competing, things are still uncertain.

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