Branch2 Intelligence
House prices rise as mortgage rates ease from Iran war highs
Key takeaway
UK house prices rose 0.2% in June as mortgage rates eased from Iran-war highs.
- Step 11st-order: Iran war fears subside, reducing geopolitical risk premium in UK gilt yields.
- Step 22nd-order: Lower gilt yields feed through to lower mortgage rates, improving buyer affordability.
- Step 33rd-order: Improved affordability supports housing demand, benefiting construction and home improvement SMEs.
Source: City A.M.
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