We don’t like being the bearer of bad news, but a market analysis carried out by mortgage broker, Henry Dannell, reveals that mortgage activity is forecast to fall by -6% in 2022 as the market feels the brunt of interest rate hikes.
You’ve probably noticed that as the interest rates rise, this has made borrowing more expensive and in order to comprehend the impact this will likely have on the mortgage market, Henry Dannell analysed mortgage data from the past decade as well as that from the first six months off this year.
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