America began the mortgage boom


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Mortgage rates in the U.S. fell to the lowest level since April of 2018, which significantly stimulated demand. About it reports Reuters with reference to the analytical review of mortgage Corporation Freddie Mac.

The average rate on 30-year loans for the week decreased from 4.51 to 4.45 percent for 15-year from 3.99 to 3.89 percent per annum, the company said. Against this background, the number of mortgage applications jumped 20 percent.

According to Freddie Mac, the negative trend in rates observed for two months.

“The decline in mortgage rates, combined with continued revenue growth and lower energy prices is a positive signal for the consumer sector, which should lead to improved sales of housing”, — quotes news Agency the chief economist of the Corporation Sam Hayter.

However, compared to 2017, mortgage conditions in the country worsened, the average rate on 30-year housing loans issued in 2018, made up 4.54 percent compared to 3.99 in the previous year.

In Russia by the end of 2018 weighted average interest rate on mortgage loans reached 9.52 per cent per annum. Record low figures in the history of the market was recorded in September and October. Then, the weighted average interest rate was 9.41 percent per annum.

Video, photo All from Russia.


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