SUBSCRIBERS
Mortgage rates, applications stall as US housing market stumbles
Published Fri, Sep 29, 2017 · 09:50 PM
Washington
FIXED mortgage rates' upward climb stalled this week as weak housing data put a damper on investors' enthusiasm.
According to the latest data released on Thursday by Freddie Mac, the 30-year fixed-rate average remained at 3.83 per cent with an average 0.6 point, same as it was a week ago. (Points are fees paid to a lender equal to one per cent of the loan amount.) It was 3.42 per cent a year ago.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
OUE wins tender to lease, develop new ‘zero-energy’ hotel at Changi Airport’s T2
FLASH: Singapore office rents in central region fall 1.7 per cent in Q1 over Q4: URA
Homebuyers shun new real estate in Vancouver, hurting builders
US pending home sales jump in March to hit highest in the year
Blackstone strikes US$1.6 billion student housing deal with KKR
European real estate deals slump to lowest level in 13 years