Broker Check

Chart of the Week 11-16-2022

| November 16, 2022
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Chart of the Week

An ARM and a Leg

RATES

Mortgage rates have risen sharply in response to aggressive interest rate hikes; however, the US appears to be better insulated from mortgage payment shocks in 2023, when compared to other countries. GIR expects that less than 1% of US mortgages will face higher interest rate payments in 2023, while over half of mortgages in Australia and New Zealand will face higher rates.

Source: RBA, RBNZ, BoE, BoC, GS Global Investment Research, GS Asset Management

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