Markets

Australian house prices are booming because of COVID-19 – not despite it

The Australian property market has rebounded strongly as a result of the fiscal and monetary responses to the COVID-19 pandemic. KPMG calculates that homes in each capital city will continue selling higher as a consequence, with Sydney buyers paying $120,000 more than had no pandemic occurred. The price difference is […]
Australian house prices are booming because of COVID-19 – not despite it
Markets

US 30-year mortgage rate falls to 2.86%, its 9th record-low of 2020

The US 30-year fixed mortgage rate fell to 2.86% from 2.93%, its lowest level in Freddie Mac data going back nearly 50 years. The rate has hit record lows nine times in 2020, fuelling the housing market’s rally throughout the coronavirus pandemic. Though the housing market’s strength persisted through the […]
US 30-year mortgage rate falls to 2.86%, its 9th record-low of 2020
Markets

US mortgage rates rise for the first time in 6 weeks, jumping above 3%

The rate on the popular 30-year fixed-rate mortgage increased to 3.01%, according to Freddie Mac data released Thursday. It’s the first time in six weeks that US mortgage rates have increased – the rates have been held down by low US Treasury bond yields and near-zero interest rates. Mortgage rates […]
US mortgage rates rise for the first time in 6 weeks, jumping above 3%
Markets

US mortgage rates slip to a record low 3.03% for 30-year loans

The popular 30-year fixed rate mortgage averaged 3.03%, the lowest in the series dating back to 1971, according to a Thursday report by Freddie Mac. It’s the sixth time US mortgage rates have fallen to a record low since March, when the coronavirus pandemic led to a market meltdown. Still, […]
US mortgage rates slip to a record low 3.03% for 30-year loans