Russia hikes interest rates by 200 bps to 15%, above forecast
Friday, 27 October 2023 Russia's central bank has raised its key interest rate to 15%, a higher than expected increase of 200 basis points. This is the fourth consecutive rate hike in response to a weak rouble and persistent inflation pressure. The central bank has now raised rates by 750 basis points since July. Inflation is expected to range from 7.0-7.5% in 2023, above the bank's 4% target. The next rate-setting meeting is scheduled for December 15.
New US Home Sales , Grew in September.
Even though mortgage rates are hovering around 8%, sales of newly-built homes surged 12.3% in September, CNN reports. .
Compared to a year ago,
sales increased 33.9%.
Existing home sales dropped 20%
during the same time period. .
Higher mortgage rates are...
Scary Housing Market , Drives Homebuyers to Consider , Haunted Cohabitation .
According to an October 24 survey released by Zillow,
a majority of potential homebuyers in the United States
would..
Credit: Wibbitz Top Stories Duration: 01:30Published
Fed Monitoring the Economy , as Powell Hints at , More Rate Hikes .
Yahoo Finance reports that Federal Reserve Chair
Jerome Powell warned that more interest rate hikes may
be on the horizon, as..
Credit: Wibbitz Top Stories Duration: 01:31Published
High Rates and
Risky Mortgages, Fuel Fears of Spike in, Foreclosures.
'Newsweek' reports that increased mortgage rates could result
in more homebuyers facing a higher risk of foreclosure.
According..
Credit: Wibbitz Top Stories Duration: 01:31Published
Friday, 27 October 2023
![Scary Housing Market Drives Homebuyers to Consider Haunted Cohabitation [Video]](https://video.newsserve.net/300/v/20231026/1359753254-Scary-Housing-Market-Drives-Homebuyers-to-Consider-Haunted.jpg)
![Fed Monitoring the Economy as Powell Hints at More Rate Hikes [Video]](https://video.newsserve.net/300/v/20231019/1359469622-Fed-Monitoring-the-Economy-as-Powell-Hints-at.jpg)
![High Rates and Risky Mortgages Fuel Fears of Spike in Foreclosures [Video]](https://video.newsserve.net/300/v/20231013/1359218167-High-Rates-and-Risky-Mortgages-Fuel-Fears-of.jpg)
