Money Box Live: The Mortgage Dilemma
Money Box
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Rising Mortgage Rates and Housing Market Uncertainty
This chapter discusses the recent developments in the housing market, including the increase in mortgage rates and the uncertainty surrounding the situation. It touches on the challenges faced by mortgage brokers in finding the best rates for their clients, as well as the dilemmas faced by individuals in choosing between short-term fixes or longer-term options. The chapter also highlights the impact of the expected interest rate increase by the Bank of England on mortgages and mentions the recent drop in UK house prices.
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