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Showing stories tagged #mortgage rates — clear filter
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The Reserve Bank of Australia raised its cash rate to 4.85%, the fifth hike this year and highest since 2008, after inflation hit 4.3%. In the UK, analysts expect the Bank of England to raise rates from 3.75% to 4%, the first increase in over three years.
Existing home sales in the US fell 2% in August to a seasonally adjusted annual rate of 3.98 million units, marking the third consecutive monthly decline. The slowdown comes as mortgage rates rise due to the Iran war and home prices remain high, despite the highest housing.
