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The Outlook for Mortgages In 2023

Location
UK
Publish Date
2023/01/24

The mortgage market is expected to remain competitive with lenders continuing to offer low rates to attract borrowers. However, the BoE may raise interest rates which could lead to an increase in mortgage rates. The borrowers should consider fixing their mortgage rate to protect themselves from potential future rate increases. The overall mortgage market in 2023 is expected to be stable, with low rates and a competitive market.

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