Richard Merrett: Swap rates explained

Swap rates have been rising dramatically over the past few months due to market expectations around rising interest rates, fuelled by economic uncertainty, and culminating in a rising mortgage rates.

Mortgage Solutions spoke to SimplyBiz Head of Strategic Development, Richard Merrett, about what swap rates are, why they are rising, what the outlook is, why they’re so important, and what brokers can do to help their clients.

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