8% mortgage rates are perilously close — that's a psychological milestone for the housing market

Storm clouds loom over the U.S. housing market as mortgage rates are inching towards 8%, potentially drying up home-buying demand further.

“We haven’t seen an 8% mortgage rate in over 20 years,” deRitis added, which “likely has a psychological effect as well.” The last time the spread was this high was during the global financial crisis in December of 2008 — “and then only briefly,” he added. “Momentum could continue to drive rates upward in the near term,” deRitis said. “Employment data from the [Bureau of Labor Statistics] due out on Friday could be the catalyst for either continued increases or a reversal as bond traders second-guess Fed interest rate policy.”

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

MarketWatch /  🏆 3. in AT

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

How This Company Boosted Its Productivity With Supply Chain InnovationExplore how Anheuser-Busch doubled its productivity with supply chain innovation and analytics-driven decision models.
Weiterlesen »

Chainalysis axes another 15% of staff citing difficult market conditionsBlockchain analytics firm Chainalysis has announced a 15% workforce cut citing market conditions.
Weiterlesen »