NEW YORK (Agefi-Dow Jones)–Real estate loan rates broke a new 23-year record this week in the United States following tensions observed in the bond market.
The average fixed rate for 30-year home loans stood at 7.49% this week, compared to 7.31% last week, according to the American mortgage credit organization Freddie Mac.
Soaring borrowing costs are the main factor in the sharp slowdown in the American real estate market. A growing number of buyers are postponing their real estate project, while owners are also hesitant to put their property up for sale, for fear of having to go into high debt to acquire their next home.
-Ben Eisen, The Wall Street Journal (Version française Thomas Varela)
Agefi-Dow Jones The financial newswire
(END) Dow Jones Newswires
October 05, 2023 5:43 PM ET (9:43 PM GMT)
2023-10-05 21:44:02
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