18-08-2023, 09:14 AM
![](https://i.imgur.com/CLvY2jA.png")
Average long-term US mortgage rate climbs to 7.09%, highest level in more than 20 yrs
![[+]](https://sgtalk.net/images/bootbb/collapse_collapsed.png)
18-08-2023, 09:28 AM
NEW YORK (Reuters) - Interest rates on 30-year fixed mortgages averaged 7.09% a year over the past week, up about 2% from a year earlier, the Federal Home Loan Mortgage Corporation said Wednesday. It is the highest level in 21 years and 4 months since April 2002. It reflected the rising trend in 10-year US Treasury yields, which has impacted mortgage rates.
https://www.jiji.com/jc/article?k=2023081800169&g=int
https://www.jiji.com/jc/article?k=2023081800169&g=int
18-08-2023, 09:44 AM
Property collapse on the card.
Rate will only keep going up until collapse.
Rate will only keep going up until collapse.
“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"
18-08-2023, 10:14 AM
The US has fixed-period interest loans of up to 30 years. This means the interest rates don't change during the 30 years.
Our propertises loans' interests are only fixed for 2-3 years. This means the interest rates change after 2-3 years. The exception is the HDB loans.
We follow US interest rates.
Our propertises loans' interests are only fixed for 2-3 years. This means the interest rates change after 2-3 years. The exception is the HDB loans.
We follow US interest rates.
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