this post was submitted on 16 Jun 2023
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UK Economy

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Average two-year mortgage rate close to 6% (www.bbc.co.uk)
submitted 1 year ago by tom to c/ukeconomy
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Wonder what has caused the sudden rise in the last few months

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[โ€“] Granary 3 points 1 year ago (1 children)

Would be nice if house prices fell to match the reduced amount people can borrow now. Feels bad that houses can just get more and more unaffordable with each increase

[โ€“] Mjb 2 points 1 year ago

Meanwhile, media doom clickbait "House prices could fall 35%!!"

Clown shows, the lot of them. If you don't build enough houses house prices do not go down over time.