[cityhantam]

https://www.bankrate.com/mortgages/mortg...e=Purchase&

Mortgage rates surge to 6 percent

Most expected mortgage rates to rise this year, but it happened faster than predicted, with rates breaking through 6 percent on some 30-year fixed loan offers in June — a figure not seen since 2008.

Although the Federal Reserve doesn’t influence rates on fixed mortgages, its recent move to raise the federal funds rate due to inflation — and the indication it’ll continue to raise that rate this year — does have some impact on mortgages.

[kokee]

google housing loan amount in china compared to US, LOL LOL, super  scary.
Plus all the developer loan like evergrande, construction, renovation & material.
china dont hike rate, what will happen to RMB, china bond, investment & stock market?
hike rate? now unemployment like crazy, property crash till banks run now, all no money, default bond like evergrande?

US just beginning to hike rate to burst china property & RMB, there ill be a delayed effect, eventually chna & HK, property & currency will sink like no tomorrow.
with all investment pull out, cut off tie totally, followed by sanction, frozen china oversea asset, stop SWIFT, unpeg HKD, better for china to closed their door & go back to 80s to sustain ccp.
3 generation of wealth will be totally wiped off in this china financial turmoil.



干房地产的自己都赔钱，普通人更是赔掉了3代

港樓仆直！業主趕移民蝕2千萬照賣！

[cityhantam]

Kokee die die must insert China into every thread? 

[singlon]

first 2 0.25 and 0.5 already built for 9%






must b familiar with climate lockdowns....
And Now . . . Climate Lockdowns! - #NewWorldNextWeek
singlon cannot compute follow blind no choice smell a rat

[singlon]

[revealer]

Rates quoted by US Banks actually dipped for the current period. 30 years fixed dropped from 5.955% in April to 5.875%. Almost all the housing loan rates are fixed rates.

https://www.usbank.com/home-loans/mortga...rates.html

[webinarian]

Fed just raised rate 75 basis point and mortgage rate dipped? Kidding!       

Fed is expected to continue raising rate in the next 2 months and until year end Fed rate id expected to rise and QT is just started this month.  

   
.

[revealer]

Fed just raised rate 75 basis point and mortgage rate dipped? Kidding!       

   
.

Fed are dealing with short term rate of 2-year rates and over-night rate. Mortgage rates are more than 10 years. Almost 100% of existing housing loans in the US are fixed-rate whereas most housing loans in China are quoted at variable rates.

[teaserteam]

Don’t teach then next time. Ok

[webinarian]

It is your own wish to have a lower rate but it doesn't mean the real situation will follow your wish.   

 
.

[teaserteam]

It is your own wish to have a lower rate but it doesn't mean the real situation will follow your wish.   

 
.

U r correct lah.  China always great.

[cityhantam]

https://edition.cnn.com/2022/06/23/econo...index.html

Mortgage rates rise again, pricing more buyers out of the housing market

The 30-year fixed-rate mortgage averaged 5.81% in the week ending June 23, edging up from 5.78% the week before, according to Freddie Mac.

This time last year, rates averaged 3.02%, and the last time rates were this high was in the winter of 2008.