KBRA Releases DealCatalyst UK Mortgage Finance Conference Recap - Business Wire

Mortgage rates soar to a one-year peak

Mortgage rates have climbed alongside federal reserve rates, surpassing previous highs for long-term mortgages. Despite increased homes, purchases are down. The used mortgage market saw price hikes, while the new mortgage market had decreasing costs. KBRA released a report of the British mortgage finance gathering, and Scottish Mortgage Fund cut its exposure to China to 11% of its holdings.

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