Mortgage Rate (GBP) 7.98% Vs. 7.93% Prior
Portfolio Pulse from Benzinga Newsdesk
The mortgage rate in the UK has increased to 7.98% from the previous 7.93%.
July 05, 2024 | 3:01 pm
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NEGATIVE IMPACT
The mortgage rate in the UK has increased to 7.98% from the previous 7.93%, which could impact the iShares MSCI United Kingdom ETF (EWU) as it reflects the economic conditions in the UK.
The increase in mortgage rates indicates higher borrowing costs, which could slow down economic growth and negatively impact the performance of the iShares MSCI United Kingdom ETF (EWU).
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80