Afternoon Rate Update

PWLB Interest Rate Update – 05 Mar 2026, 12:32 PM Reset

PWLB fixed rates saw minor upward adjustments across most maturities in the latest notice; overall, little changed.

PWLB PM Snapshot

• 1y: 4.65% (unch)
• 3y: 4.76% (unch)
• 5y: 4.95% (unch)
• 10y: 5.51% (+1bp)
• 25y: 6.15% (+1bp)
• 50y: 5.97% (+1bp)

What’s New Since This Morning

No meaningful change from the earlier notice.

Context

• S&P Global Construction PMI undershot expectations (44.5 vs forecast 47), highlighting ongoing weakness in UK construction and housebuilding.
• News flow dominated by Middle East conflict, with continued upward pressure on global energy prices and volatility in risk assets.
• UK economic data otherwise light; no high-impact domestic releases today.
• No single clear driver in today’s inputs for the modest upward move in longer PWLB rates.

Look Ahead

• Tomorrow 07:00: GBP Halifax House Price Index YoY (Forecast: 1.1%)
• Tomorrow 07:00: GBP Halifax House Price Index MoM (Forecast: -0.1%)

Rates remain stable with only minor moves; focus now shifts to tomorrow’s housing data.

This commentary is provided for informational purposes only and should not be construed as financial advice. Market conditions can change rapidly, and you should always verify current rates directly with the PWLB or through official channels before making borrowing decisions. Past performance is not indicative of future results.