A couple of interesting changes happenned today. Santander and Northern Rock both released new fixed rates that were cheaper than the products they replaced.

This is the 1st time this has happened since Christmas – the trend has been firmly upwards for the last 3 months or so -  and hopefully this indicates a return to calm in the fixed rate markets.

Don’t get too excited – all changes were by less than 1/10 of 1%, but the trend has been broken, hopefully the other lenders will follow…