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UK Home Contract Signings Fall 4.7% as Mortgage Rates Bite

The number of homes going under contract fell 4.7% year-on-year in the latest sign that elevated mortgage rates are cooling buyer demand and weighing on the housing market.

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The number of homes going under contract fell 4.7% year-on-year in the latest sign that elevated mortgage rates are cooling buyer demand and weighing on the housing market.