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Nationwide, Santander, and NatWest are increasing mortgage rates, following a trend of rate hikes among major lenders. Additionally, Nationwide has ceased lending on certain flood-risk properties. Property insurers are facing challenges due to growing wildfire risks, with some insurers leaving high-risk areas, potentially impacting home values.
House prices fall as lenders raise mortgage rates https://t.co/smWEVnXBGA
Insurers such as State Farm and Allstate are leaving fire- and flood-prone areas. Home values could take a hit https://t.co/f1gAoqROTB
Growing wildfire risk leaves states grappling with how to keep property insurers from fleeing. Read below: https://t.co/M09KIg1dAT
