Economist: House prices dip, but high mortgage costs persist
Video Credit: ODN - Duration: 01:15s - Published
Economist: House prices dip, but high mortgage costs persist
Andrew Harvey, chief economist at Nationwide says a decline in house prices does not offset high mortgage costs for buyers looking to get on the property ladder.
House prices fell by 0.2% in July, according to Nationwide’s latest House Price Index.
Report by Covellm.
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No Relief In Sight as, Interest Rates , Continue to Rise.
NBC reports that mortgage rates continue to
climb, with the average interest rate on
a 30-year-mortgage rising to 7.48%.
According to..
Credit: Wibbitz Top Stories Duration: 01:30Published
Mortgage Rates , Reach Over 7%.
In early August, the
30-year mortgage
rate soared to 7.09%,
according to the Mortgage
Bankers Association.
Historic data from Freddie Mac indicates that's been the..
Credit: Wibbitz Top Stories Duration: 01:30Published
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