Rising Interest Rates Reshape Global Housing Market Dynamics in 2025
Key Points
- UK mortgage approvals dropped significantly as interest rate...
Want to hear a housing market joke? Sorry, the interest rates ate it.
The numbers from April 2025 are in, folks, and they're about as pretty as a foreclosure auction on a Monday morning. The UK just watched £13.7 billion in mortgage debt borrowing vanish faster than free donuts in a trading floor break room. Bank of England's data shows mortgage approvals dropping quicker than a banker's smile during audit season.
Home Sweet (Increasingly Expensive) Home
Let's do some math that'll make your wallet cry: as interest rates climb, so do borrowing costs. Middle-income families are watching th...
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