Source: Bloomberg Mortgage rates in the United States posted a slight decline but continued to hover around 12-year highs. XHB is up 0.23%, ITB is up 1.12%. The average 30-year loan rate stood at 5.10%, slightly lower than the 5.11% recorded in the past week, according to Freddie Mac.The latest reading remains at historic highs, being the highest level recorded since … [Read more...] about US Mortgage Rates Decline, But Remain at 12-Year Highs
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UK Mortgage Debt Net Borrowing Slips to £4.7 Billion
Source: Bank of England Net mortgage lending slipped below £5.0 billion in February but remained above the average recorded in the 12 months before the COVID-19 pandemic. EWU is up 0.86% premarket. Net borrowing of mortgage debt stood at £4.7 billion in February, down from £5.9 billion recorded in the previous month.The latest reading compares with the £4.3-billion … [Read more...] about UK Mortgage Debt Net Borrowing Slips to £4.7 Billion
Mortgage Rates Breach 4% for First Time in 10 Months
Source: WSJ Mortgage rates breached the 4% level for the first time in 10 months, challenging prospective buyers who are already facing difficulties in procuring properties. ITB is down 0.24%, while XHB is up 0.13%. The average 30-year fixed mortgage rate jumped over 4% for the first time since May 2019, up from 3.22% at the start of the year and the record-low 2.65% in … [Read more...] about Mortgage Rates Breach 4% for First Time in 10 Months
Danes Will Get 20-Year 0% Mortgages
Denmark is offering homeowners 20-year loans at a fixed interest rate of zero, according to Bloomberg. Customers at the Danish home-finance unit of Nordea Bank Abo can now get mortgages that carry a lower coupon than benchmark U.S 10-year Treasuries. In 2012, Denmark drove their main rate below zero to defend the krone's peg to the euro, and since then, homeowners have … [Read more...] about Danes Will Get 20-Year 0% Mortgages
