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Mortgages ‘to rise’ after Pound hits year low and borrowing costs soar in treble blow to Rachel Reeves

by London Mail
January 9, 2025
in Business
Reading Time: 1 min read
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As the cost of borrowing grew, Paul Dales, chief UK economist at Capital Economics, said: “This will probably show up in a further rebound in UK mortgage rates from around 4.5% in December to just over 5.0% in the coming weeks which, together with rises in other borrowing costs, will restrain activity.”

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