Not sure if you are aware but it takes a greater % of take home pay to pay the mortgage now than almost ever before.
What does this mkean, it means rate rises at these levels are really starting to hurt people. More people will be forced to sell and fewer will be able to pay current prices, the end result, falling housprices.
Then add on top of that the forecast rise in unemployment news out today.
Things are starting to look a bit shaky in property.
