Mortgage Rate (GBP) For October 8.01% Vs. 7.93% Prior
Portfolio Pulse from Benzinga Newsdesk
The mortgage rate in GBP for October has increased to 8.01% from 7.93% in the previous period.
November 07, 2023 | 10:14 am
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The increase in the mortgage rate in GBP may impact the iShares MSCI United Kingdom ETF (EWU) as it could affect the UK's housing market and overall economy.
The iShares MSCI United Kingdom ETF (EWU) tracks the performance of the UK's equity market. An increase in the mortgage rate could potentially slow down the housing market, which could have a negative impact on the overall economy and, consequently, the performance of the ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70