The Effect of Higher Borrowing Costs on House Prices

House prices have fallen by 1% compared to a year ago, according to Britain's biggest mortgage lender, Helifax. They said it's the first drop like this since 2012 and believes higher borrowing costs are hitting confidence. This is linked to what we're talking about today, which is the mortgage rate rises. The only thing I script on the show is the question for near-house because it needs to be right and thought needs to go into it. It really does.