
Sunak Saves The Day
But It’s Still Looking Scary
High Loan-to-Income Lending
The mini-budget shock may have eased with Truss’ departure but a housing market downturn is still a very likely prospect. At the beginning of September, when mortgage rates were just hitting 4%, we warned the housing market was getting scary. In the aftermath of the mini-budget we said it was terrifying. Given recent events, we’ve downgraded it back to scary – but the fallout could still be severe for households, the market, and the economy.
Continue reading “Market Commentary – October 2022”