Mortgage rate rises set to put pressure on house prices, says Halifax
The Halifax says higher mortgage costs could put “significant downward pressure” on the market. …
“While stamp duty cuts, the short supply of homes for sale and a strong labour market all support house prices, the prospect of interest rates continuing to rise sharply amid the cost of living squeeze, plus the impact in recent weeks of higher mortgage borrowing costs on affordability, are likely to exert more significant downward pressure on house prices in the months ahead.”
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