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Nationwide said UK house prices were flat in June for a second consecutive month, with the average at £277,484 after a 0.6% fall in May, missing economists’ 0.1% growth forecast. Middle East hostilities disrupted the mortgage market and ended the str

2026-07-01

Nationwide said UK house prices were flat in June for a second consecutive month, with the average at £277,484 after a 0.6% fall in May, missing economists’ 0.1% growth forecast. Middle East hostilities disrupted the mortgage market and ended the strong early‑year price momentum. Mortgage rates have eased from April peaks but remain above pre‑conflict levels. With investors increasingly expecting a US‑Iran ceasefire to hold, market bets on further Bank hikes of England have eased, leaving scope for mortgage costs to fall further in coming months.

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White House National Economic Council Director Hassett: Raising interest rates would be a mistake.

White House National Economic Council Director Hassett: Raising interest rates would be a mistake.
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