7 Hrs
Source:
المشهد العربي
US mortgage rates hit two-year high
Housing loan interest rates in the United States have risen to their highest level in over two years, increasing the financial burden of mortgages. The fixed interest rate for thirty-year home loans reached 7.10% in mid-September, marking an increase of 15 basis points compared to the previous period. This rise led to a decline in mortgage application demand, with the demand index dropping by 8%, its lowest level in four weeks, and refinancing activity decreasing by 2.6%. This situation reflects challenges in the American real estate sector resulting from rising interest rates and market volatility.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)