UK Halifax House Prices MoM: -0.1% (Previous 0.4%)

Halifax: The prospect of higher interest rates and higher mortgage borrowing costs likely to exert more significant downward pressure on UK house prices.

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UK Halifax House Prices:

MoM: -0.1% (Previous 0.4%)

YoY: 9.90% (Previous 11.50%)

Rising rates start to bite into house prices, and it’s very hard to imagine that it won’t get worse from here

Reuters Note