High mortgage rates stretching housing affordability, says Nationwide
Source: BBC
High mortgage rates mean affordability is still "stretched" for many home buyers, according to the Nationwide.The building society said that while earnings had been rising faster than house prices in recent years, this had not been enough to offset the impact of more expensive mortgages.Its comments came as it said house price growth had been "broadly stable" in June, with prices up 0.2% from the previous…
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