central-bank-interest-rate-pressure-upward-default-forecasts
Central Bank Interest Rate Pressure & Upward Default Forecasts:
Global rating agency Fitch Ratings issued an updated Global Housing and Mortgage Outlook analyzing conditions leading into late September. Ongoing geopolitical frictions and persistent inflation have kept central bank reference rates elevated globally. These higher borrowing costs are eroding buyer purchasing power and slowing demand across key international housing markets, prompting Fitch to raise default and delinquency risk projections for major economies including the UK, Australia, and Canada.
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