US mortgage interest rates exceeded 6%. The highest in 2008

A survey by the US federal housing loan mortgage company on September 15 showed that the average interest rate of the 30 -year fixed interest rate mortgage in the United States exceeded the 6%mark this week, the highest since the 2008 financial crisis. This sounded the alarm for many American home buyers.

In a survey announced on the 15th local time, the US federal housing loan mortgage company stated that the average interest rate of the 30 -year fixed interest rate mortgage in the United States climbed to 6.02%this week, which was much higher than 2.86%a year ago. The day before, data released by the US mortgage banker association showed that in the week of September 9, the interest rate of the 30 -year mortgage loan in the United States rose to 6.01%. Twice the same period. These survey data sounded the alarm for US loan buyers.

Some analysts have pointed out that the soaring mortgage interest rate is one of the consequences of the Federal Reserve to respond to the continuous rate hikes of inflation. As the Fed's monetary policy has continuously increased the cost of borrowing of consumers and enterprises, and the interest rate of mortgage loans has also risen, which has brought increasing pressure on the US real estate industry. It is reported that the sales volume of new houses in the United States in July has fallen to the lowest level of 6 and a half years, and the number of housing resale and unique houses is also at the lowest point in two years.

Bevinberg Capital Market Company America and Asian Chief Economist Mickey Liva: Due to higher inflation, the appreciation of house prices and higher interest rates and mortgage interest rates, we see the decline in housing activities. This is a very typical phenomenon when inflation and interest rate hikes. I expect the housing market to be further weak.

Due to the recently announced US consumer price index exceeding expectations, the market is expected to continue to raise interest rates by 75 basis points next week, which means that the US property market will continue to face higher interest rates. The economic stagnation or even recession caused by the Fed's continuous interest rate hike will make the cost of mortgages further a huge financial burden on many families in the United States.

(CCTV reporter Gu Xiang Liu Xu)

- END -