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10th Jul 2023 18:01U.K., Daily Monitor

  • The BoE’s mortgage rates data are lower than Money-facts’ because they account for lenders’ market share.
  • Repayments for average buyers equalled 28% of dis- posable income in June, up from 20% in the 2010s...
  • ...Repayments will hit 31% when mortgage rates peak in Q3; brace for minimal sales and resuming price declines.

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Keywords for: 11 July 2023 UK Monitor

Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence