Barclays cuts fixed rates by up to 66bps as Nationwide raises selected deals, with swaps back above 4%

Barclays has cut two-year fixes by up to 66bps — its fee-free 90% LTV deal now 4.79% — while Nationwide moved the other way, raising selected fixed and tracker rates by up to 0.35%. The split follows swap rates rebounding after briefly dipping below 4% earlier in July, with two-year swaps back near 4.18% amid Middle East tensions. For higher-LTV buyers some fixes are cheaper this week, but the direction is no longer one-way; for sellers, borrowing conditions are steady rather than easing. This is repricing, not a clean downward trend.