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Are Banks Sweeping Dud Property Loans Under the Rug? -- Heard on the Street -- WSJ
Market focuses on a more aggressive interest rate reduction argument, and US mortgage rates quickly decline.
The most popular 30-year fixed mortgage loan rate in the USA has decreased by 22 basis points to 6.4%, the lowest level since April 2023.
HOMEOWNER EQUITY TURNS BACK UPWARD ACROSS U.S. IN SECOND QUARTER OF 2024 AS HOME VALUES SURGE
Home Prices Just Set Another Record High as Affordability Crisis Worsens
The luxury property market in the USA is rebounding, with property valued at 0.1 billion US dollars expected to double in sales this year.
According to the latest report, the sales of properties worth 0.1 billion dollars are expected to double this year, mainly due to the strong performance of the financial market and people's expectations of interest rate cuts, which has promoted the recovery of the ultra-luxury real estate market. This is in sharp contrast to the sluggish national real estate market in the United States, which still faces problems of high interest rates and shortage of housing. Cities such as Manhattan, Palm Beach, and San Francisco have seen many transactions in ultra-luxury property trade.
These Housing Stocks, Funds and ETFs Could Get a Boost From Lower Home Mortgage Rates
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