banks interest rates

320,000 have been pushed into poverty by high mortgage rates

26th July 2024 Arrears and Recoveries | #banks interest rates #mortgages

A new report from the Institute for Fiscal Studies (IFS) estimates that an extra 320,000 people have been pushed into poverty as they moved onto more expensive deals, as a result of the rise in mortgage rates in 2022 and 2023. The rise in mortgage rates saw the average rate for a two-year fixed mortgage…

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banks interest rates

320,000 have been pushed into poverty by high mortgage rates

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