
US 30-Year Mortgage Rate Falls to a Five-Week Low of 6.48%
US mortgage rates fell to a five-week low of 6.48%, helping drive a third-straight advance in applications to buy a home.
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US mortgage rates fell to a five-week low of 6.48%, helping drive a third-straight advance in applications to buy a home.
UK house prices fell at the fastest pace in 12 years in January, barring the pandemic, as higher mortgage costs piled further pressure on the housing market, official figures showed.
(Bloomberg) -- Iceland’s central bank extended western Europe’s longest monetary-tightening campaign with an acceleration in hiking, braving global banking turmoil to intensify its fight against inflation.
Champagne exports to Gulf countries from France jumped in 2022 as Russian tourists flocked to the region after the war in Ukraine curbed their access to Western nations.
China’s securities regulator is scrutinizing a unit of conglomerate Dalian Wanda Group Co. about $4.4 billion in payments it might have to make if a mainland mall business doesn’t go public in Hong Kong this year.
Mar 5, 2019
BNN Bloomberg
,Home prices inched higher in Canada's largest real estate market last month even as sales activity cooled.
The average selling price across the Greater Toronto Area rose 1.6 per cent year-over-year in February to $780,397, according to data released by the Toronto Real Estate Board on Tuesday. The price appreciation was even greater when compared to January's average price of $748,328.
TREB said in a release that Toronto’s housing market became tighter in February because new listings fell more sharply (6.2 per cent) than the slowdown in sales. Just over 5,000 homes in the region traded hands in February, marking a 2.4 per cent decline from a year earlier.
“The [Office of the Superintendent of Financial Institutions] mandated mortgage stress test has left some buyers on the sidelines who have struggled to qualify for the type of home they want to buy. The stress test should be reviewed and consideration should be given to bringing back 30-year amortizations for federally insured mortgages," said TREB President Garry Bhaura in a release.