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01.10.26 - 22:48
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"Showings Have Stopped": Housing Market Freezes As Mortgage Rates Soar To 7.28%, Highest In 3 Years (ZeroHedge)
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"Showings Have Stopped": Housing Market Freezes As Mortgage Rates Soar To 7.28%, Highest In 3 Years
The American dream has never been more out of reach.
Mortgage rates posted their largest increase in four years this week, one of the clearest signs of how the recent bond-market selloff is spilling into the broader economy - if not memory and chip stocks which continue to trade entirely on the highly efficient circular financing and junk bond markets.
30-year fixed-rate mortgages rates surged 25bps in one week, to 7.28% from 7.03%, the biggest jump since October of 2022, according to Freddie Mac.
Mortgage rates have risen to the highest since November 2023 as inflation, a surge in government debt and heavy corporate borrowing for the build-out of AI (not to mention the latest European sovereign debt crisis) push up bond yields. The recent sharp selloff in the bond-market has risen borrowing costs for home buyers and dealt a blow after blow to a limping housing market.
“Showings have...
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01.10.26 - 10:24
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UK House Prices Fall Unexpectedly: Nationwide (AFX)
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LONDON (dpa-AFX) - UK house prices dropped unexpectedly in September as energy price pressures linked to geopolitical tensions fuel rate hike concerns, data from the Nationwide Building Society re......
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01.10.26 - 09:48
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UK house price growth halves amid rising mortgage interest rates (The Guardian)
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Prices fell by 0.2% month on month in September as average price of a home slipped to £274,251, says NationwideBusiness live – latest updatesAnnual house price growth halved in the UK last month, as economic uncertainty sparked by conflict in the Middle East continued to deter homebuyers.The average price of a British home rose 0.8% in the year to September to £274,251, according to Nationwide. That was half the rate recorded in August, when house prices grew 1.6% year on year. It also marked the slowest pace of home price growth since December last year. Continue reading......
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01.10.26 - 08:36
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Annual UK house price growth halves as mortgage rates rise – business live (The Guardian)
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Rolling coverage of the latest economic and financial news, as Nationwide reports house prices fell in SeptemberHouse price growth slowed in most UK regions over the last three months, Nationwide reports.Prices dropped, year-on-year, in four regions – the Outer Metropolitan area outside London, South West England, the East Midlands and East Anglia. Continue reading......
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