Finance & Mortgage

China’s property market crash could trigger a global economic meltdown

As several reports on China's dwindling property market crowd the web, the condition has sparked concerns that the downturn in the second-largest economy of the world could have a domino effect on the global economy, resulting in another great crash.

US Average Fixed Mortgage Rates Rise after Six Weeks

After six consecutive weeks of decline, the average fixed mortgage rates rose in the first week of June, according to Freddie Mac, the government backed mortgage giant’s weekly survey.

China’s home prices fall in May for the first time in two years

The Chinese real estate balloon could already be deflating as home prices started to decline in May, falling for the first time in two years. However, housing officials of China announced that the decline in prices is “normal” and they are just a “high base effect.”