If you’ve got a mortgage or other significant debt, the talk of increasing interest rates may have caught your attention. So, what’s going on? Surely with all this freshly printed money floating around, a cautious reserve bank, and a good chunk of the nation in lockdown, rates shouldn’t be racing north just yet?

One of the key factors at play is the swap rates. In oversimplified terms, the swap rates make up part of the ‘cost’ to the bank of selling you a mortgage, and at the moment, these look volatile. If you’ve got a mortgage that’s coming to the end of a fixed period, have a read of this.

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