News Formal

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

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 97%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

‘We haven’t seen an 8% mortgage rate in over 20 years,’ says Cris deRitis, deputy chief economist at Moody’s Analytics.

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.”

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 3. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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.
Källa: Gartner_inc - 🏆 455. / 53 Läs mer »

Chainalysis axes another 15% of staff citing difficult market conditionsBlockchain analytics firm Chainalysis has announced a 15% workforce cut citing market conditions.
Källa: Cointelegraph - 🏆 562. / 51 Läs mer »