House prices fall 0.6% in June Halifax

nicko33

Graham_Devon wrote: »

And house prices falling at a time when rates can't get any lower

except that mortgage rates are falling
http://www.telegraph.co.uk/finance/personalfinance/7844439/Mortgage-rates-drop-to-seven-year-low.html

I assume that's what you meant by "rates"

Cat695

Same sh*t different day

Pete111

Does Halifax do regional prices?

Be interested to see what London/the SE was doing according to them

IveSeenTheLight

Graham_Devon wrote: »

I didn't expect 2-3 months of down....not yet.

Most of us expected falls over the last winter period which didn't materialise.

Don't read too much into a couple of months down (or up) you need a longer base to really see a trend.

As Generali states a 3 month - 3 month comparison is a more balanced comparison

Thrugelmir

carolt wrote: »

Good news for everyone wishing to buy or trade up. Ie most people.

Plenty needing to trade down as well to clear unsecured debt and unmanageable interest only only mortgages.

Graham_Devon

Really2 wrote: »

The trend is not down on the nationwide at all, that was my point.(positive cant be down can it)

Overall both are looking at stagnation so the trend on neither is down at the moment TBH.

I think this is a case simply of interpretating things in different ways.

A positive number can still see a trend down in my opinion. Otherwise, the whole point of trends goe's completely out of the window.

Take retail. How on earth could they ever say sales were down, if, as you say, a positive cannot show a trend down. They would only have to make one single sale in a month, and they could never say sales are down.

Which, as you can see, is, well, rather ridiculous.

The trend, at the moment, over a few months, is down. Positive numbers or not.

Oh god, we are back into pointless, and needless explanations of anything said

chucky

Pete111 wrote: »

Does Halifax do regional prices?

Be interested to see what London/the SE was doing according to them

yes it does - it's only quartely though. should be out around now i think.

Thrugelmir

chucky wrote: »

until there are any forced sellers there ain't no big price falls.

Always be forced sellers. The three D's see to that.

Graham_Devon

nicko33 wrote: »

except that mortgage rates are falling
http://www.telegraph.co.uk/finance/personalfinance/7844439/Mortgage-rates-drop-to-seven-year-low.html

I assume that's what you meant by "rates"

I meant base rates. Mortgage rates are down, yes, but in a lot of cases, so is the LTV. Swings and roundabouts. But in line with talking about economic policy which I was talking at the time, I was talking base rates.

IveSeenTheLight

nicko33 wrote: »

except that mortgage rates are falling
http://www.telegraph.co.uk/finance/personalfinance/7844439/Mortgage-rates-drop-to-seven-year-low.html

I assume that's what you meant by "rates"

Indeed, one wonders how low they can go.
With 5 years fixes from 4.19%, what does that indicate where the lenders think BoE rates will be over the next 5 years

http://www2.firstdirect.com/1/2/mortgages/repayment-mortgage-rates/fixed-rates;jsessionid=0000U4ueS-i!!!IS6synbuCVEKN:11jk8o4v4?clear=true