3rd April 2026
At the start of the year, the consensus was 2026 would see moderate house price growth. But, with mortgage rates soaring, and the global economy grinding to a halt, these forecasts need to be thrown out.
With oil prices seeing their biggest monthly increase, the Bank of England are warning that they will need to increase interest rates to prevent a repeat of the 2022 inflation.
And This has sent mortgage rates soaring. They have risen 109 basis points, which is close to the mortgage shock of the 2022 Mini budget.
0:00 Impact of Oil Shock
1:53 Problems of Housing Market
4:09 Better than 2022
6:34 Housing Crashes
9:44 Conclusion