Although the European Central Bank (ECB) has lowered its interest rates, the cost of a mortgage is likely to continue rising throughout the 20-country Eurozone until at least 2030, the bank has warned.
Tag: Mortgage Rates
Post
PENDING HOME SALES DIVE IN APRIL
An index gauging the number of home-sale contracts signed in April fell 6.3 percent from March, down to a reading of 71.3. The measure was 2.5 percent below that of April 2024, the National Association of Realtors (NAR) reported.
Post
DEMAND FADES AMONG FIRST-TIME HOME BUYERS
A large portion of Americans who do not own a home may be giving up on trying, according to data gathered by The Wall Street Journal. Among all homeowners, the share of first-time buyers is at a record low.
Post
MORTGAGE RATES CLIMB BACK UP OVER 7 PERCENT, CHILLING HOME SALES
On 11 April, the national average interest rate on a 30-year, fixed-rate mortgage rose .13 of a percentage point to reach 7.1 percent, its loftiest since mid-February, according to Mortgage News Daily (MND).
Post
U.S. HOME SALES INCREASE AS BUYERS SURRENDER TO HIGHER INTEREST RATES
In February, home sales rose 4.2 percent above January’s level as more homes came up for sale and more buyers seem to acquiesce to the idea that interest rates will remain at their current level or could move higher in the months ahead.
Post
U.S. HOUSING STARTS TUMBLE IN JANUARY
New single-family home construction in the U.S. slumped 8.4 percent in January, year on year, dropping for the first time since October. Multifamily starts were down by 13.5 percent, according to commerce department data. The pullback followed a 16-percent surge in home starts in December, leading some economists to believe that some construction was advanced to......
Post
EXISTING HOME SALES FALL AS PRICES SET A NEW JANUARY RECORD
In January, sales of existing U.S. homes fell 4.9 percent below December’s number, the National Association of Realtors (NAR) reported. The drop was almost twice the 2.6-percent decline analysts had expected.
Post
SPECIAL REPORT: THE U.S. HOUSING BLUES
In both 2023 and 2024, U.S. home sales languished at their lowest levels since 1995, with sales last month 20 percent below the same period in 2019, the Financial Times reported…
Post
OCTOBER HOME SALES JUMPED AS INTEREST RATES FELL
In October, sales of existing homes climbed 3.4 percent from September, the National Association of Realtors (NAR) reported. Sales were up 2.9 percent year on year.
Post
AS EXPECTED, FED CUTS RATE BY A QUARTER POINT
Last week, the U.S. Federal Reserve cut its key interest rates by a quarter point, dropping interest on deposits to 4.5 percent and on loans to 4.75 percent.
العربية
简体中文
Nederlands
English
Français
Deutsch
עִבְרִית
Italiano
日本語
한국어
Latin
Polski
Português
Русский
Español
ไทย
Türkçe
Українська
Tiếng Việt
