US Mortgage affordability
2 Oct, 2022
Category: Portfolio
Tags: Furniture
High-interest rate has dampened house buying sentiment.
The mortgage interest rate in the US has
risen so much. Both the buyer and seller will be bearish when the rate is
soaring so fast.
Bursa-listed furniture companies that rely on exports to the US depend a lot on the US housing market. When the US housing market is good, their sales are good.
When no one is buying new houses, the demand for furniture will fall.
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