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Don't get too excited about the inevitable continuing fall in mortgage rates

By Chris Bailey of Financial Orbit | Saturday 9 December 2023


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Since Malcolm wrote HERE about Berkeley Group (BKG) a few days ago, and the company issued some formal results yesterday, I will him write about his updated thoughts. What interests me more today, is that I see the media observing this morning that "average two-year mortgage rate drops below 6% for first time in six months". Should the average housing sector punter be excited?
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