The FTSE 100 (^FTSE) was marginally higher on Wednesday as UK house prices fell by 0.4% in April, as rising borrowing costs took their toll. This was after a 0.2% month-on-month drop in March. According to Nationwide, prices on an annual basis, were 0.6% higher compared to 1.6% in March. Economists had expected a small monthly rise of 0.2%. Robert Gardner, Nationwide’s chief economist, said: “The slowdown likely reflects ongoing affordability pressures, with longer term interest rates rising in recent months, reversing the steep fall seen around the turn of the year. "House prices are now around 4% below the all-time highs recorded in the summer of 2022, after taking account of seasonal effects." London’s benchmark index was almost 0.2% higher in early trade Germany's DAX (^GDAXI) and the CAC (^FCHI) in Paris were both closed for a holiday Wall Street is set to open lower as S&P 500 futures (ES=F), Dow futures (YM=F) and Nasdaq futures (NQ=F) were all in the red The pound was (GBPUSD=X) 0.1% down against the dollar at 1.2487 Follow along for live updates throughout the day: UK house prices fell unexpectedly for the second month in a row in April, as prospective homeowners continue...