As UK Banks Hike Mortgage Rates, These ETFs Stand to Gain

Key Takeaways HSBC and other UK lenders raised mortgage rates even as the Bank of England kept its policy rate unchanged.BCS and peers may see wider net interest margins as higher lending rates tend to boost profitability.EWU offers diversified exposure to UK banks and builders positioned to gain from higher mortgage rates.The UK housing market has taken a surprising turn recently, with central bank policy and major lenders moving in different directions. While the Bank of England (BoE) has opted to hold in ...