House prices rise as mortgage rates ease from Iran war highs

cityam14:28

House prices should continue to strengthen as mortgage rates ease, Lloyds said House prices inched up in June as mortgage rates softened following a sharp spike in response to the Iran war. The ...

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href=https://www.cityam.com/house-prices-edge-up-as-mortgage-rates-fall-from-iran-war-highs/><strong>cityam</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>House prices should continue to strengthen as mortgage rates ease, Lloyds said House prices inched up in June as mortgage rates softened following a sharp spike in response to the Iran war. The ...</p>\n\n<a href=\"https://www.cityam.com/house-prices-edge-up-as-mortgage-rates-fall-from-iran-war-highs/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PSR","symbol_name":"Invesco Active U.S. Real Estate 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price index.Inflationary fears and expectation of higher interest rates caused by the Middle East conflict have damaged property market confidence in recent months, but lenders have begun to lower their mortgage rates in past weeks.Leading building society Nationwide chopped its home loan prices on two separate occasions last month, as US-Iran peace talks cooled inflation fears.","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"PSR":"Invesco Active U.S. Real Estate ETF","MBSD":"FlexShares Disciplined Dur MBS Idx","JHMB":"John Hancock Mortgage-Backed Securities ETF","SPMB":"SPDR Portfolio Mortgage Backed Bond ETF","SMBS":"Schwab Mortgage-Backed Securities ETF","DFAR":"Dimensional US Real Estate ETF","BK4024":"房地产开发","OWNS":"CCM Affordable Housing MBS ETF","JRE":"Janus Henderson U.S. Real Estate ETF","RIET":"Hoya Capital High Dividend Yield ETF","REIT":"ALPS Active REIT ETF","REZ":"住宅房产信托ETF-iShares","VABS":"Virtus 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by the Middle East conflict have damaged property market confidence in recent months, but lenders have begun to lower their mortgage rates in past weeks.Leading building society Nationwide chopped its home loan prices on two separate occasions last month, as US-Iran peace talks cooled inflation fears. \n\nLloyds said that easing borrowing costs are helping house prices to inch back up, as June marked the first price rise in four months. \n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nEasing rates ‘offer encouragement’ to buyersThe annual rate of price growth also edged higher to 0.6 per cent, while a 0.8 per cent jump in prices for first time buyers indicated recovering demand, Lloyds said. Amanda Bryden, head of mortgages at Lloyds, said: “While affordability remains stretched for many buyers, mortgage rates have eased from their recent highs, offering some encouragement to those considering a move.”Though mortgage approval rates dropped in May, Lloyds said this was a reaction to the earlier spike in borrowing costs. Activity should cover as mortgage rates fall further, the lender said.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.45.2","shortVersion":"4.45.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2649604604","isCrawlerRequest":true}