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RMV PLC: The company is experiencing a rise in the mortgage rate which may cause problems at the financial level.
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The company’s financials are strong, but RMV stock price is consolidating.
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The current price action is hovering around the EMAs, know more about the business.
Britain’s one of the largest property marketplaces, Rightmove PLC (LON: RMV), may be experiencing a decrease in revenue as per the UK’s economic situation.
The Fire of Rising Interest Rates
The average two-year fixed-rate mortgage at a 95% loan-to-value ratio has increased to 6.36% from 6.22% during the last week and more than double year-on-year due to surging base interest rates. It will lead to Landlords being expected to leave the buy-to-let market due to decreasing profits in the UK economy, resulting in fewer rentable properties.
Management is optimistic
The above situation will impact Rightmove’s revenue as fewer agents and landlords will be inte
We współpracy z: https://www.thecoinrepublic.com/2023/09/30/rmv-stock-price-stock-trips-as-the-mortgage-rate-increases/
