Mortgage rates as low as 4 percent are still not motivating enough buyers to commit to home ownership, indicating the American housing market has more troubles than just too-high interest rates, The Wall Street Journal reported.
Tag: interest rates
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U.S. BANKRUPTCIES GREW BY DOUBLE DIGITS IN OCTOBER
Last month, households and businesses filed 54,019 bankruptcy claims, up 12 percent year on year and 8 percent from September, according to Epiq, a leading bankruptcy tracking service.
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APARTMENT GLUT DUE TO EXTEND, SLOWING RENT INCREASES
Apartment rents are falling in key markets and increasing at their slowest rate in more than a year in others as the glut of flats is taking longer to work through than had been expected, the Financial Times reported.
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ZOMBIE CORPORATIONS ARE WALKING THE LAND
The number of “zombie” companies—those whose operating income is too small to cover interest payments on their debts—has reached its highest since early 2022.
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SPOTLIGHT: DANGERS IN THE PRIVATE CREDIT MARKET
The private credit market has ballooned in recent years, reaching an estimated $3 trillion at the beginning of 2025.
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HOMEOWNERS RUSH TO REFINANCE AS MORTGAGE RATE TICKS DOWN
A decline of 0.3 of a percentage point brought the national average mortgage interest rate to 6.26 percent over the three weeks ending 17 September, the lowest rate since last November, according to the Mortgage Bankers Association (MBA).
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EUROZONE’S JOBLESS RATE RISES AS LABOR MARKET DIVIDES IN TWO
In August, the unemployment rate among the 20 countries sharing the euro currency ticked up to 6.3 percent from 6.2 percent in July. About 11,000 more people were without work.
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EU WANTS PEOPLE TO STOP SAVING, START INVESTING
Europeans traditionally have saved a larger share of their incomes than Americans do.
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LABOR MARKETS IN ADVANCED ECONOMIES ARE SEIZING UP
Employers in G7 countries, considered the world’s most advanced, hesitate to hire or to lay off workers as uncertainties over interest rates, taxes, tariffs, and artificial intelligence (AI) leaves them unable to plan, the Financial Times reported.
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IS THE U.S. STOCK MARKET RALLY LIVING ON BORROWED TIME?
Interest rates are down, consumer spending is up, corporate earnings are strong, bond values have risen, and tax cuts are giving corporations more money for growth.