Britain’s Mortgage Crisis!
Patrick Boyle On Finance
00:00
The Bank of England's Rate Rise Is the Highest Rate in More Than 30 Years
The two-year fixed-rate mortgage rate rose above 6% in the U.K. The highest rate since December during the panic over Liz Truss' infamous mini-budget. Rates on buy to let mortgages rose even faster than those on residential deals. This was the 13th consecutive interest rate hike, defying most economists' expectation of a quarter-point increase.
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