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