According to a new report from Fannie Mae, the recent rise in mortgage rates is unlikely to have any significant impact on home prices. Researchers for Fannie Mae looked at mortgage rates going back more than 20 years, and found that although rising mortgage rates may affect the number of sales, they were unlikely to impact house prices.
HSBC Helps Homeowners in Dubai
June 10, 2011 by
HSBC is set to help home-buyers in Dubai, one of the hardest hit real estate markets in the world, as property prices here have plunged by more than 60% from their peak. The bank has reduced interest rates on 25 year mortgage by 76 basis points to 5.49% and has also eased up on LTV
