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Comments Off on Potential ‘time bomb’ for US economy looms as $1.5 trillion in real estate mortgages will come due within the next two years
Some $1.5 trillion in mortgages will come due in the next two years – paving the way for a financial crisis as higher interest rates push down property values As this event looms, big banks such […]
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Comments Off on Weekly mortgage demand drops again, as interest rates match a 22-year high
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Comments Off on Facing “Unprecedented Challenges” And Soaring Rates, PIMCO-Owned Landlord Defaults On $1.7 Billion In Office Mortgages
Amid the recent record surge in interest rates, the residential housing market may have frozen – as the gap between bids and asks stretches to unprecedented levels – but it is hardly in freefall, courtesy of several […]