UK Mortgage Market Insights & Economic Update - February 2024

This episode covers the review of the UK's mortgage market and the economic updates for the week ending February 16th, 2024. The video discusses the latest swap rate chart, lender rate changes, inflation data, land registry data, wage and unemployment data, and recently announced UK recession details. It provides in-depth analysis of the Consumer Price Index (CPI) reports, comparing them to previous years. The episode also delves into regional house price trends, wage growth projections and its implications for inflation, and scrutiny of the unemployment rate. In addition, it elaborates on the state of the GDP and speculations around the UK's economic growth. The host also looks at the latest lender criteria changes, the effect of US data on UK's Gilt yields and swap rates, and provides advice on securing mortgage rates in the backdrop of fluctuating lender rates.

00:00 Introduction to the UK Mortgage Market Insights

00:32 Inflation Data Analysis

02:00 Land Registry Data and House Prices

02:52 Wage and Unemployment Data

03:48 GDP Data and Recession Status

05:51 Impact on Swap Rates

06:19 Lender Criteria Changes

07:05 Lender Rate Changes

08:36 Conclusion and Recommendations

Consumer price inflation, UK

Labour market overview, UK - Office for National Statistics (ons.gov.uk)

Average weekly earnings in Great Britain - Office for National Statistics (ons.gov.uk)

GDP first quarterly estimate, UK - Office for National Statistics (ons.gov.uk)