Will high interest rates cause a housing crash?
The Story
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The Tories' Worry About Mortgage Rates
A million and a half households just this year are coming off fixed deals. The last time many of those people will have gone into the market to borrow money, rates will have been a quarter of what they are now. It's hard to see them choosing to re-elect a Tory government that's already been in power for 13 years when they've just seen their mortgage payments go up by one to 300 pounds a month.
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