A survey released on Wednesday shows the average interest rate kept climbing last week.
The average contract rate on a 30-year fixed-rate mortgage rose to 4.9% last week from the previous week, the Mortgage Bankers Association reported.Since the beginning of 2022, mortgage rates have risen by 1.6%, bringing up home borrowing costs.
The numbers come as the Federal Reserve says it will take steps to curb inflation, including raising its benchmark overnight lending rate. UBS estimates that 30-year fixed mortgage rates will be of concern when they reach 5.75%, according to MarketWatch. However, UBS said it does not anticipate another housing crisis like the one the U.S. experienced in 2008.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Bitcoin, Ethereum Technical Analysis: Bitcoin Climbs Above $47,000, as ETH Consolidates at Key Resistance Level – Market Updates Bitcoin NewsBitcoin was back in the green during Tuesday’s session, as the world’s largest cryptocurrency rose above $47,000.
Consulte Mais informação »
Australian Dollar Forecast: Key AUD/USD Levels to WatchThe Australian Dollar is the notable outperformer as the RBA prepares market participants for higher interest rates. Get your market update from JMcQueenFX here:
Consulte Mais informação »
Riksbank’s Floden: Better if interest rates could be raised graduallyRiksbank Deputy Governor Martin Floden said on Wednesday that he believes it's “better if interest rates could be raised gradually.” “The policy rate
Consulte Mais informação »
Stock Futures Slip, Bond Yields Rise Ahead of Fed MinutesStock futures edged down and bond yields hit their highest level in three years as investors awaited more details about the Federal Reserve’s plan to raise interest rates.
Consulte Mais informação »
Fed's Patrick Harker Is ‘Acutely Concerned' About Inflation, Sees ‘Deliberate' Rate HikesPhiladelphia Fed President Patrick Harker joined the chorus warning about inflation and the interest rate hikes needed to control rising prices.
Consulte Mais informação »
Demand easing as mortgage rates rise, boosting supply of homes for sale in metro DenverMetro Denver recorded an 81% jump in the number of residential properties available for sale last month, but that wasn’t enough to bring down annual price gains approaching 20%, according to …
Consulte Mais informação »