Category: Canada
USA Mortgage applications in the U.S. increased by 33.3% for the week ending January 10, 2025. This marked the largest rise in a month, driven by both purchase and refinance applications. Refinance applications saw a 44% increase, while purchase applications grew by 27%. Refinance applications also saw an increase in share, rising to 42.7%. Source: Mortgage…
USA U.S. property prices rose nearly 5% year-over-year, according to Green Street. The industrial and residential sectors continue to perform well, and retail properties are also improving. Despite ongoing affordability and inventory challenges, analysts expect the market to remain strong for both domestic and international investors. Source: U.S. Property Prices Up Nearly 5% Year-Over-Year U.K. U.K.…
USA The U.S. housing market is beginning to recover as 2025 starts, with home sales seeing a slight increase after a slowdown in 2024. Lower mortgage rates have contributed to the improvement, though affordability remains a challenge, particularly in cities like Austin. Experts expect the market to stabilize gradually. Source: Frozen Housing Market Shows Signs of…
USA National house prices in the U.S. remained near historic highs as of December 2024, reflecting continued affordability challenges despite a slight easing of mortgage rates. Experts suggest that the housing market remains constrained by limited inventory and high demand. Source: National House Prices Hover Near Historical Norms U.K. London dominated the U.K.’s priciest postcodes in…
USA In December 2024, home sales in the U.S. hit a 20-month high, showing increased market activity despite ongoing affordability challenges. Experts say lower mortgage rates helped boost sales, though limited inventory and high prices remain concerns. Source: Existing Home Sales in the U.S. Hit a 20-Month High U.K. House prices in the U.K. went up…
USA In November 2024, U.S. mortgage rates decreased for the first time in over two months, leading to a surge in homebuyer activity and an increase in mortgage applications. The average rate for a 30-year fixed-rate mortgage fell to 6.86%, down from the previous week’s 6.97%. This decline has slightly improved affordability, encouraging renewed interest…
USA In October 2024, U.S. existing home sales increased as a drop in mortgage rates offered a small boost to the housing market. The National Association of Realtors described the rise as encouraging, but affordability remains a concern due to high prices and rising interest rates. Analysts suggest that for this upward trend to last,…
USA Federal Reserve Chair Jerome Powell says the main problem behind the U.S. housing crisis is a lack of homes for sale. This shortage has made houses more expensive and harder to afford. He emphasized that while the Federal Reserve can influence interest rates, it cannot directly address the housing supply problem, which requires action…
USA The 30-year mortgage rate in the U.S. has jumped to 7.79%, the highest it’s been since 2000. This spike is making homes less affordable for many buyers, putting pressure on the housing market. While home sales have held up so far, experts are concerned that if rates keep climbing, buyer demand could start to…
Global Mortgage Group Pte. Ltd. is the world's leading international mortgage specialist. Based in Singapore with offices and partnerships across the globe, we connect our international clients to our network of lenders around the world. GMG offers financing solutions in the United States, Canada, Latin America, United Kingdom, Europe, Middle East, and Asia-Pacific.