Claims extracted
16
sentences that state something as happening or true
Uncertain
25%
4 of 16 hedged
("reportedly", "may", "according to")
Leaning
Leans right
of the writing, not the subject · beta estimate
Publisher signals
66/100
The Guardian's corrections and
hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
4
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
UK house prices grew by an annual rate of just 0.5% in October, the slowest pace in more than two years, as higher mortgage rates put off potential buyers.
asserted
rates → grow → buyers
The average price for a property in the UK stood at £273,566 in October, flat on the previous month and down from 0.8% in the year to September, according to the lender Nationwide.
uncertain
price → stand → lender
The slowdown in the market comes as buyers face higher borrowing costs.
asserted
buyers → come → costs
This month the average cost of a five-year fixed-rate mortgage hit the 6% barrier for the first time in three years.
asserted
cost → fix → years
The average stood at 5.99% on Thursday, according to the financial information provider Moneyfacts, while the average two-year rate was not far behind at 5.97%.
uncertain
rate → stand → %
There has been no change in the Bank of England base rate since last December but volatility in the bond market has driven up the swap rates that influence the pricing of fixed-rate mortgages.
asserted
that → drive → mortgages
While the Bank of England has kept its key interest rate on hold at 3.75%, expectations are growing that next week the monetary policy committee will vote to increase the rate for the first time in three years to 4%.
asserted
committee → keep → %
Robert Gardner, the chief economist at Nationwide, said the Middle East conflict had fed concerns around inflation, driving up expectations of higher interest rates.
asserted
conflict → say → rates
Property prices are likely to fall further, he said.
asserted
he → fall → ?
“Surveyors report that new buyer inquiries remain weak.
asserted
inquiries → report → ?
“Consumer sentiment dipped noticeably in October, with households becoming less confident about the outlook for the general economy as well as their own financial situation in the year ahead.”
asserted
households → dip → year
Tom Bill, the head of UK residential research at Knight Frank, added that the impact of rising mortgage costs “eclipses any support measure announced in this week’s budget”.
asserted
impact → add → budget
This week the chancellor, John Healey, confirmed the government’s new £4.7bn Your First Home scheme, which is designed to give a helping hand to first-time buyers who do not have access to the “bank of mum and dad”.
asserted
who → confirm → mum
Bill added: “The absence of major shocks from the chancellor may produce a modest relief bounce in coming months.
uncertain
absence → add → months
However, asking prices will need to reflect the much tougher financial landscape that buyers face.”
asserted
buyers → ask → that
Rob Wood, the chief UK economist at the consultancy Pantheon Macroeconomics, said the government’s new scheme could provide a “modest boost” to the market but that prices were likely to remain subdued next year.
uncertain
prices → say → market
The Aporia
