“The construction and real estate industries represent around 30% of China’s economy. A steep drop in Chinese demand from a real estate-based economic downturn could cause South Korea’s growth rate to fall by as much […]
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 7.16% from 7.09%. Mortgage demand from homebuyers was 26% lower than the same week one year ago. […]
For the past year or so, that has meant a guessing game over how much the Fed would raise interest rates. Now, the question is not if the central bank will raise rates – an […]
A variety of significant mortgage rates inched upward over the last seven days. The average interest rates for both 15-year fixed and 30-year fixed mortgages both were driven higher. The average rate of the most […]
US inflation fell sharply to 3 per cent in June, sending the dollar lower and highlighting the Federal Reserve’s relative success at bearing down on price pressures. The improved picture in Wednesday’s data stands in […]
With nearly $1.5 trillion in commercial mortgages coming due over the next three years, many landlords are vulnerable to default in part because of how their loans are structured. By June 6, 2023 12:01 am […]
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The post Okanagan real estate feeling the impact of higher interest rates appeared first on Weekly Real Estate News.
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