Mortgage News: Interest rates are on the rise!
Mortgage interest rates are rapidly rising, which is affecting loan demand, particularly refinances. Total mortgage application volume fell 8.1 % last week compared to the previous week, as per the Mortgage Bankers Association’s seasonally adjusted index. For 30-year fixed-rate mortgages with acceptable loan balances ($647,200 or less), the average contract interest rate jumped to 4.50 […]
Surging COVID-19 cases dampen U.S. consumer confidence, house prices post record gains
U.S. consumer confidence fell to a six-month low in August as worries about soaring COVID-19 infections and higher inflation dimmed the outlook for the economy.
Dubai house prices to rise modestly, stay affordable in coming years
Dubai’s residential property market is on a steady course, with prices expected to rise modestly over the next couple of years, according to a Reuters poll of housing analysts who say property prices there will remain affordable during that time.
