Mortgage rates are steadily ticking higher. Will rising mortgage rates stall the housing recovery? Photographer: Chris Ratcliffe/Bloomberg Welcome to Money Distilled. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money. Don’t miss the new episode of In the City, in which […]
Competition among sellers will increase as mortgage rates settle at ‘elevated’ level, website predicts Miles Brignal Average house prices in the UK will fall by 1% next year as competition increases among sellers, Britain’s biggest property website has forecast. Sellers were likely to have to price more competitively to secure a buyer in 2024, while […]
Over 500,000 homes now cost £1m or more and in 13 streets of London average house price is in excess of £10m The number of property millionaires in Britain has more than doubled over the past three years and broken through the 500,000 mark for the first time, it is claimed. There are now 13 […]
