With house prices and mortgage rates, if one goes up, the other usually goes down. Here’s why it’s likely to be mortgage rates going down further, and house prices staying strong. Stuff With house prices and mortgage rates, if one goes up, the other usually goes down. That means the Government and banks can pay lower rates for deposits from global investors, which flows through to lower mortgage rates at home. But for now, the evidence suggests lower mortgage rates and higher house prices, weird as that may seem in a recession.

Source: Stuff August 24, 2020 17:00 UTC