Mortgage sector ‘in reasonable shape’ for interest rate hikes

Erin Kitson of S&P Global Ratings says that while a small proportion of borrowers will struggle to meet higher mortgage payments, overall the mortgage industry is in “reasonable shape to weather some level of rising mortgage rates.” interest rates”.

“Certainly interest rate increases will put pressure on households,” Ms Kitson told Sky News business editor Ross Greenwood.

“But the starting position that leads to this … is a strong starting position.”

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