Mortgage costs set to soar as Iran conflict means interest rates are likely to be raised, leading economist warns
Mortgage costs set to soar as Iran conflict means interest rates are likely to be raised, leading economist warns is drawing significant interest across the industry.
Mohamed El-Erian, chief economic adviser to insurance giant Allianz, warned that the average person would face 'higher mortgage rates'.
Experts suggest this could influence future trends and innovation in the sector.
More updates are expected as the story develops.
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