Lates News

The turmoil in the U.S. bond market is spilling over into the real estate market. Daily monitoring data from a relevant professional website show that the U.S. 30-year fixed mortgage rate, after breaking above 7% on the 10th, continued to climb and reached 7.22% on the 15th, hitting a new high since January 2025. Pricing for the U.S. 30-year fixed mortgage rate is closely anchored to the U.S. 10-year Treasury yield. Recently, U.S. Treasury yields have continued to rise, driving up banks' lending costs. The market is betting that the Federal Reserve will most likely raise interest rates, further pushing mortgage rates steadily higher. Data recently released by the National Association of Realtors show that U.S. existing home sales in August fell 2% month-on-month, or 3.98 million units on an annualized basis, the lowest since June last year. The market had previously forecast 4.3% growth in home sales for all of 2026, but has now lowered that increase to 1.3%, with a marked contraction expected in the fourth quarter. Analysis points out that elevated mortgage rates have made an already sluggish U.S. real estate market even worse, deepening wait-and-see sentiment among potential homebuyers, while homebuilders' profits also face pressure. (CCTV Finance).