Finance & Mortgage

Mortgage Applications Continue to Drop Following Slight Rate Gain

Mortgage applications have once again dropped as a result of the slight increase in the average contract interest rate for 30-year fixed rate mortgages. Industry experts are also expecting to see a rate hike in June.

China's Impact on Global Real Estate

While much of the business is in mergers and acquisitions, especially in the agribusiness sector, Chinese purchases of real estate properties and/or interests have made a splash in the global real estate market. Amongst the purchases were the $13 billion spent for Starwood Hotels &Resorts Worldwide Inc. The total volume for the quarter had already surpassed $16 billion.

Mortgage Rate Drops as Global Financial Markets Affect US Stock Market

Mortgage rates continue to drop, as global financial markets appear to have affected the U.S. stock market. While this continuous drop in mortgage rates seem beneficial to interested buyers, the rise in the selling prices of homes in the market appear to negate the said benefits.
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