Mortgage rates fall slightly but housing demand continues to fall in the US.
Freddie Mac released results from its Primary Mortgage Market Survey (PMMS), indicating that 30-year fixed-rate mortgage (FRM) averaged 5.30%. “Buying demand continues to fall as the cumulative impact of Higher rates, elevated home prices, increased risk of recession, and declining consumer confidence affect homebuyerssaid Sam Khater, chief economist at Freddie Mac. Average weekly US mortgage […]
Mortgages are skyrocketing | Newstream
Mortgages in the Czech Republic are becoming more expensive. According to the latest data from Fincentra Hypoindex, the average interest rate at the beginning of July was 6.24 percent, now it is approaching the level of 6.5 percent. Mortgages are the most expensive since the turn of the millennium. They are even more expensive than […]
The ECB raises interest rates and increases the price of the 4 million variable mortgages in Spain
If you are thinking about or have to ask for a loan, a mortgage, for example, you already know that since this week they are even more expensive because the European Central Bank (ECB) has raised interest rates by half a point. For an average mortgage of 100,000 euros, this is going to mean a […]
Chinese buyers refuse to pay mortgages on unfinished apartments (and the huge problem it can cause)
The housing crisis in China is on the rise, which raises concerns about rising risks in the banking system. Desperate homebuyers in dozens of cities are refusing to pay mortgages on unfinished homes, according to reports by state media and economists at international banks. In China, real estate companies can sell houses before they are […]
Brokers Association reports 3.4% annual increase in mortgage placement between January and May
The Association of Mortgage Brokers (ABH) reported that from January to May they managed to place 21 thousand 964 mortgages3.4% less than in the same period of the previous year. However, the amounts placed are higher, going from 46 thousand 335 million pesos in the referred period of 2021 to 48 thousand 404 million in […]
Interest in mortgages is not disappearing only in the Czech Republic. Having your own apartment is an unaffordable luxury in the West
Due to rising interest rates, interest in housing loans is declining worldwide. In addition to the Czech Republic, the United States, Britain and even Slovakia also report declines. In June, Czech financial houses provided mortgages for 19.3 billion crowns, which is 65 percent less year-on-year. At the same time, the average mortgage rate reached five […]
Prices for Swiss real estate are not yet shaking
According to the latest market data, home prices in Switzerland continue to rise slightly. Nevertheless, the situation for homeowners could soon become more uncomfortable. So far, interest rates that have risen across the board have not dampened demand for home ownership. As the SWX IAZI Private Real Estate Price Index shows, the prices paid for […]
Lukáš Kovanda: Monthly payment for a block of flats? 45 thousand, that’s the new reality
Mortgages in the Czech Republic are becoming more expensive. According to data published today by Fincentra Hypoindex, the average interest rate at the beginning of July was 6.24 percent. In the last month, it rose by another significant 0.53 percent. Mortgages are the most expensive since the turn of the millennium. They are even more […]
Mortgages in the US: the different components that make up the final amount
Mortgage loans are medium or long-term credits —usually fixed in periods of 15 to 30 years—, destined to help people to acquire their homes., commercial premises or offices, as well as the construction of houses. This type of loan has the particularity that it is issued having as collateral, in case of non-payment of the […]
How does the rate hike affect me?
Low interest rates have been the trend in recent years. However, the European Central Bank (ECB) is going to vary its monetary policy to try to contain inflation, and that will change the direction of the price of money. The first increase in eleven years by the central bank will not take place until next […]