
Brookfield Chases Crisis Deals, Money and Offices in Europe Push
Brookfield Asset Management Inc. is heading into Europe’s swelling market storm with its checkbook open.
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Brookfield Asset Management Inc. is heading into Europe’s swelling market storm with its checkbook open.
An Abu Dhabi-based investor has acquired 2% of Foxtons Group Plc and says he’s backing management’s plan to turn around the company.
Shimao Group Holdings Ltd.’s global creditors are gearing up to organize themselves after the luxury builder defaulted on a $1 billion dollar bond due Sunday.
Tecom Group traded unchanged in Dubai after raising $454 million in its initial public offering, in another sign of waning investor appetite for Gulf listings.
New Zealand house prices fell the most in 13 years in the second quarter as the central bank raised interest rates aggressively to curb inflation.
Oct 28, 2021
Bloomberg News
,(Bloomberg) -- U.S. mortgage rates continued their upward climb.
The 30-year average rose to 3.14%, the highest since April 1 and up from 3.09% last week, Freddie Mac said Thursday.
Rates increased along with yields for 10-year Treasuries, which touched an almost seven-month high late last week before dropping more recently. Signs point to borrowing costs climbing further as the Federal Reserve prepares to scale back its bond purchases and possibly consider raising its benchmark rate if the economy hits certain targets.
Higher mortgage rates cut into purchasing power for Americans who may already be stretching to afford a home. Still, more owners are listing their properties, which may provide some relief from the brutal bidding wars many buyers faced this year.
With the latest increase, the monthly payment on a $300,000 mortgage would be $1,288. That’s up from $1,209 when rates hit a record low of 2.65% in January.
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