Since the end of August, the 30-year fixed mortgage interest rate has risen by 16bps, to stand at 4.96% in the final week of September. Given that, the corresponding 0.9% m/m rise in mortgage applications may seem a little surprising. But with rates set to rise further and sentiment towards housing deteriorating, September’s rise is unlikely to be the start of an improving trend.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services