Despite declining mortgage costs, UK housing prices remain stagnant

```htmlGolden Ten Data reported on July 1 that the Nationwide Building Society stated that although mortgage costs have eased, UK house prices failed to achieve growth for the second consecutive month in June. The institution released data on Wednesday showing that the average house price in June remained flat at £277,484 (approximately $367,460), after falling by 0.6% in May. This performance was slightly below economists' expectations of a 0.1% increase. The Middle East conflict has shaken the mortgage market, ending the strong growth in house prices seen earlier this year. Previously, the market expected the Bank of England to raise interest rates to curb inflation, which drove up borrowing costs. Although mortgage interest rates remain higher than before the outbreak of war, the cost for homebuyers has retreated from the April peak. As investors anticipate that the US-Iran ceasefire agreement will be maintained, bets on the Bank of England raising rates have weakened, and mortgage interest rates may fall further in the coming months.```