Interest rates are the driver, but the proportionality is between the rate of change in mortgage debt/credit and the rate of change of house prices: https://www

Interest rates are the driver, but the proportionality is between the rate of change in mortgage debt/credit and the rate of change of house prices: https://www.google.com/imgres?imgurl=http%3A%2F%2Fneweconomics.opendemocracy.net%2Fwp-content%2Fuploads%2Fsites%2F5%2F2017%2F04%2FScreen-Shot-2017-04-21-at-14.27.49.png&imgrefurl=https%3A%2F%2Fneweconomics.opendemocracy.net%2Fthe-ten-graphs-which-show-how-britain-became-a-wholly-owned-subsiduary-of-the-city-of-london-and-what-we-can-do-about-it%2F&docid=wxhqxK8zsgi15M&tbnid=sVE38LALnUiq4M&vet=1&source=sh%2Fx%2Fim https://www.google.com/imgres?imgurl=http%3A%2F%2Fneweconomi...