US Mortgage Rate Approaches 7%: Freddie Mac âšī¸
Mortgage rates rose to 6.91%, the highest since July, driven by higher Treasury yields and hawkish Fed signals, but pending home sales are rising as buyers become more inclined to enter the market despite affordability challenges.
The rise in mortgage rates, while significant, is not expected to have a major impact on the overall investment portfolio, as the portfolio is diversified across various asset classes, including stocks, bonds, and cryptocurrencies. The increase in mortgage rates could potentially impact the real estate sector, but the portfolio's exposure to this sector is relatively low, with only a 1% allocation to the UAE and Kuwait markets. Additionally, the rise in pending home sales suggests that buyers are still active in the market, which could mitigate the impact on the real estate-related investments.
US Mortgage Rate Approaches 7% âšī¸
Mortgage rates rose to 6.91%, the highest since July, driven by higher Treasury yields and hawkish Fed signals, but pending home sales are rising as buyers become more inclined to enter the market despite affordability challenges.
The rise in mortgage rates, while significant, is not expected to have a major impact on the overall investment portfolio, as the portfolio is diversified across various asset classes, including stocks, bonds, and cryptocurrencies. The increase in mortgage rates could potentially impact the real estate sector, but the portfolio's exposure to this sector is relatively low, with only a 1% allocation to the UAE and Kuwait markets. Additionally, the rise in pending home sales suggests that buyers are still active in the market, which could mitigate the impact on the real estate-related investments.