Mortgages News
Mortgages are long-term loans used to purchase real estate, with payments influenced by benchmark interest rates.
US mortgage rates hit three-year high at 7.49%
US 30-year fixed mortgage rates have risen to 7.49%, the highest since November 2023, leading to a decline in mortgage applications by 4.2%.
US mortgage rates hit highest level in three years
The average rate for a 30-year mortgage in the US rose to 7.3%, the highest since November 2023, with mortgage applications dropping by 6%.
Spain's mortgage signings fall 3.5% in July amid rising rates
In July, Spain recorded 43,372 mortgage signings for home purchases, a 3.5% decrease from last year, while the average interest rate rose to 3.01%. Despite the decline, the average mortgage amount reached a new high of over €180,000.
Mortgages are long-term loans used to purchase real estate, with payments influenced by benchmark interest rates.