www.bloomberg.com Open in urlscan Pro
151.101.129.73  Public Scan

Form analysis
0 forms found in the DOM

Text Content

Skip to content
Bloomberg the Company & Its ProductsThe Company & its ProductsBloomberg Terminal
Demo RequestBloomberg Anywhere Remote LoginBloomberg Anywhere LoginBloomberg
Customer SupportCustomer Support


 * BLOOMBERG
   
   Connecting decision makers to a dynamic network of information, people and
   ideas, Bloomberg quickly and accurately delivers business and financial
   information, news and insight around the world
   
   
   FOR CUSTOMERS
   
    * Bloomberg Anywhere Remote Login
    * Software Updates
    * Manage Products and Account Information
   
   
   SUPPORT
   
   Americas+1 212 318 2000
   
   EMEA+44 20 7330 7500
   
   Asia Pacific+65 6212 1000


 * COMPANY
   
    * About
    * Careers
    * Diversity and Inclusion
    * Tech At Bloomberg
    * Philanthropy
    * Sustainability
    * Bloomberg London
    * Bloomberg Beta
    * Gender-Equality Index
   
   
   COMMUNICATIONS
   
    * Press Announcements
    * Press Contacts
   
   
   FOLLOW
   
    * Facebook
    * Instagram
    * LinkedIn
    * Twitter
    * YouTube


 * PRODUCTS
   
    * Bloomberg Terminal
    * Data
    * Trading
    * Risk
    * Indices
   
   
   INDUSTRY PRODUCTS
   
    * Bloomberg Law
    * Bloomberg Tax
    * Bloomberg Government
    * BloombergNEF


 * MEDIA
   
    * Bloomberg Markets
    * Bloomberg Technology
    * Bloomberg Pursuits
    * Bloomberg Politics
    * Bloomberg Opinion
    * Bloomberg Businessweek
    * Bloomberg Live Conferences
    * Bloomberg Radio
    * Bloomberg Television
    * News Bureaus
   
   
   MEDIA SERVICES
   
    * Bloomberg Media Distribution
    * Advertising


 * COMPANY
   
    * About
    * Careers
    * Diversity and Inclusion
    * Tech At Bloomberg
    * Philanthropy
    * Sustainability
    * Bloomberg London
    * Bloomberg Beta
    * Gender-Equality Index
   
   
   COMMUNICATIONS
   
    * Press Announcements
    * Press Contacts
   
   
   FOLLOW
   
    * Facebook
    * Instagram
    * LinkedIn
    * Twitter
    * YouTube


 * PRODUCTS
   
    * Bloomberg Terminal
    * Data
    * Trading
    * Risk
    * Indices
   
   
   INDUSTRY PRODUCTS
   
    * Bloomberg Law
    * Bloomberg Tax
    * Bloomberg Government
    * Bloomberg Environment
    * BloombergNEF


 * MEDIA
   
    * Bloomberg Markets
    * Bloomberg
      Technology
    * Bloomberg Pursuits
    * Bloomberg Politics
    * Bloomberg Opinion
    * Bloomberg
      Businessweek
    * Bloomberg Live Conferences
    * Bloomberg Radio
    * Bloomberg Television
    * News Bureaus
   
   
   MEDIA SERVICES
   
    * Bloomberg Media Distribution
    * Advertising


 * BLOOMBERG
   
   Connecting decision makers to a dynamic network of information, people and
   ideas, Bloomberg quickly and accurately delivers business and financial
   information, news and insight around the world
   
   
   FOR CUSTOMERS
   
    * Bloomberg Anywhere Remote Login
    * Software Updates
    * Manage Contracts and Orders
   
   
   SUPPORT
   
   Americas+1 212 318 2000
   
   EMEA+44 20 7330 7500
   
   Asia Pacific+65 6212 1000

Think Bigger:See how we drive impact, create opportunities and power decisions

US Edition

 * UK
   
 * Europe
   
 * US
   
 * Asia
   
 * Middle East
   
 * Africa
   
 * 日本
   

Sign In
Account

My Interests
 * My Content
 * Newsletters
 * Watchlist

Settings
 * Account
 * Subscription
 * Billing

 * Help Center
 * Sign Out

Subscribe



 * Live Now
   
   
   BLOOMBERG TV+
   
   
   BLOOMBERG NEW ECONOMY GATEWAY AFRICA: BUILDING A RESILIENT, SUSTAINABLE
   FUTURE
   
   From Morocco, the New Economy Gateway series brings together regional leaders
   to discuss, analyze and propose solutions to the global economy’s most
   pressing problems. Speakers discussed the impact of the slowing global
   economy, rising food and energy prices, supply-chain shocks and the growing
   risk of sovereign debt distress.
   
   
   BLOOMBERG RADIO
   
   
   ODD LOTS
   
   Bloomberg's Joe Weisenthal and Tracy Alloway analyze the weird patterns, the
   complex issues and the newest market crazes.
   
   Listen
   
   --------------------------------------------------------------------------------
   
   
   BLOOMBERG ORIGINALS
   
   
   EXPONENTIALLY
   
   Exponentially with Azeem Azhar celebrates a promising near-future and how
   critical thinking can guide the exploration of what's necessary to turn
   exciting new visions into reality. Starting with the premise of what our
   lives might soon be like, Azhar and his guests place cutting-edge ideas under
   a microscope to see what's possible—and even likely. An antidote to the daily
   headlines and ever-changing technology, Azhar’s conversations will bring
   clarity and understanding to this Exponential Age.
   
   
   ALSO STREAMING ON YOUR TV:
   
   
 * * Markets
     Markets
      * Deals
      * Odd Lots
      * The FIX | Fixed Income
      * ETFs
      * FX
      * Factor Investing
      * Alternative Investing
      * Economic Calendar
      * Markets Magazine
      * UK Markets Today
     
     
     MARKETS
     
     KKR-Backed BrightSpring Is Said to Revive IPO Seeking $1 Billion
     
     
     MARKETS
     
     Latin American Bank Turns to Asia, Middle East for Fresh Capital
     
     
     MARKET DATA
     
      * Stocks
      * Commodities
      * Rates & Bonds
      * Currencies
      * Futures
      * Sectors
     
     View More Markets
   * Economics
     Economics
      * Indicators
      * Central Banks
      * Jobs
      * Trade
      * Tax & Spend
      * Inflation & Prices
     
     
     ECONOMICS
     
     UK Economy Headed for a Rocky End of 2023 and Risk of Recession
     
     
     ECONOMICS
     
     Gary Cohn Says Fed Hikes Hurt Banks More Than They Help the Economy
     
     
     ECONOMICS
     
     Fed Officials See More Rate Hikes Possible While Inflation Persists
     
     View More Economics
   * Industries
     Industries
      * Consumer
      * Energy
      * Entertainment
      * Finance
      * Health
      * Legal
      * Real Estate
      * Telecom
      * Transportation
     
     
     GREEN
     
     Germany Says China EVs Probe Will Have High Burden of Proof
     
     
     MARKETS
     
     China’s BYD Americas Chief Says UAW Strike ‘Damages’ Industry
     
     
     FEATURED
     
      * Business of Sports
     
     View More Industries
   * Tech
     Tech
      * AI
      * Big Tech
      * Cybersecurity
      * Startups
     
     
     MARKETS
     
     China Market Gloom Spurs Fund Managers to Scour Hidden Gems
     
     
     TECHNOLOGY
     
     Vietnamese Internet Platform VNG Postpones US IPO
     
     
     TECHNOLOGY
     
     Tinder Offers $500-a-Month Subscription to Its Most Active Users
     
     View More Tech
   * AI
     AI
      * Stocks to Watch
      * Startups & Investing
      * Ethics, Law & Policy
      * Jobs & Economy
     
     
     TECHNOLOGY
     
     Nvidia CEO Touts India as Major AI Market in Bid to Hedge China Risks
     
     
     TECHNOLOGY
     
     ChatGPT Usage is Rising Again as Students Return to School
     
     
     TECHNOLOGY
     
     OpenAI Says Next Iteration of Dall-E Coming in October
     
     View More AI
   * Politics
     Politics
      * US
      * UK
      * Americas
      * Europe
      * Asia
      * Middle East
     
     
     POLITICS
     
     Australia Backs Russia Veto Curbs, Urges Security Council Reform
     
     
     POLITICS
     
     Help Households With Energy Bills This Winter, Lawmakers Urge UK
     
     
     FEATURED
     
      * Next China
     
     View More Politics
   * Wealth
     Wealth
      * Investing
      * Living
      * Opinion & Advice
      * Savings & Retirement
      * Taxes
      * Reinvention
     
     
     INVESTING
     
     Boaz Weinstein Would Offer Sculptor Clients Sweetener to Stay at Firm
     
     
     WEALTH
     
     Goldman Sachs in Talks With Malaysia to Resolve Latest 1MDB Clash
     
     
     FEATURED
     
      * How to Invest
     
     View More Wealth
   * Pursuits
     Pursuits
      * Travel
      * Autos
      * Homes
      * Living
      * Culture
      * Style
     
     
     PURSUITS
     
     Hollis Watkins, who was jailed multiple times for challenging segregation
     in Mississippi, dies at 82
     
     
     PURSUITS
     
     Fox Nominates Former Australian Prime Minister Abbott to Board
     
     
     FEATURED
     
      * Screentime
      * New York Property Prices
      * Where to Go in 2023
     
     View More Pursuits
   * Opinion
     Opinion
      * Business
      * Finance
      * Economics
      * Markets
      * Politics & Policy
      * Technology & Ideas
      * Editorials
      * Letters
     
     
     FRANCIS WILKINSON | STAFF COLUMNIST
     
     Democrats Have to Solve Their Menendez Problem
     
     
     A.J. BAUER | GUEST COLUMNIST
     
     Rupert Murdoch’s Arrogant Farewell Says It All
     
     
     HOWARD CHUA-EOAN | STAFF COLUMNIST
     
     Canada, India and the Return of Khalistan
     
     View More Opinion
   * Businessweek
     Businessweek
      * The Bloomberg 50
      * Best B-Schools
      * Small Business Survival Guide
      * 50 Companies to Watch
      * Good Business
      * Subscribe to the Magazine
     
     
     SPORTS BUSINESS
     
     Deion Sanders Got Shade, Then Sold $1.2 Million Worth of Sunglasses
     
     
     FEATURE
     
     Deion Sanders Is Writing College Football’s New Playbook
     
     
     FINANCE
     
     The Higher-for-Longer Interest-Rate Bonanza
     
     View More Businessweek
   * Equality
     Equality
      * Corporate Leadership
      * Capital
      * Society
      * Solutions
     
     
     EQUALITY
     
     Real Estate Developer Convicted in $1.3 Billion Tax Case After Juror
     Removed
     
     
     EQUALITY
     
     Crispin Odey Faces Lawsuit Over Sexual Misconduct Allegations
     
     
     FEATURED
     
      * In Trust Podcast
     
     View More Equality
   * Green
     Green
      * New Energy
      * ESG Investing
      * Weather & Science
      * Climate Politics
      * Greener Living
      * Cleaner Tech
     
     
     GREEN
     
     Greece’s Mitsotakis Says Tourism Can Benefit From Climate Shift
     
     
     GREEN
     
     Germany Resumes E-Fuels Push Amid Concerns of Green Backsliding
     
     
     FEATURED
     
      * Data Dash
      * Hyperdrive
     
     View More Green
   * CityLab
     CityLab
      * Design
      * Culture
      * Transportation
      * Economy
      * Environment
      * Housing
      * Justice
      * Government
      * Technology
     
     
     TRANSPORTATION
     
     US Bike Trips Have Soared Since 2019
     
     
     HOUSING
     
     NYC Mayor Aims to Bring ‘a Little More Housing’ to Neighborhoods
     
     
     ENVIRONMENT
     
     The Hottest Urban Heat Solution Comes With a Glaring Tradeoff
     
     View More CityLab
   * Crypto
     Crypto
      * Decentralized Finance
      * NFTs
      * Regulation
      * Technology
     
     
     CRYPTO
     
     FTX CEO’s Asset Recovery Efforts Accelerate Before Sam Bankman-Fried Trial
     
     
     CRYPTO
     
     European Crypto Asset Manager CoinShares Starts US Hedge Fund Division
     
     
     CRYPTO
     
     Crypto Exchange Binance, CEO Zhao Ask Court to Dismiss SEC Suit
     
     View More Crypto
 * More
   
   --------------------------------------------------------------------------------
   
   
   
   





Markets


US MORTGAGE RATES RISE FOR SECOND STRAIGHT WEEK, HITTING 7.19%

 * Average on 30-year, fixed loan has been above 7% for six weeks
 * Demand is cooling off due to higher rates, economist says

FacebookTwitterLinkedInEmailLink
Gift

Expand


The cost to finance a typical listed home has doubled in the past three years
due to high rates and home prices, according to Realtor.com.

Photographer: David Paul Morris/Bloomberg
FacebookTwitterLinkedInEmailLink
GiftGift this article
Have a confidential tip for our reporters? Get in Touch
Before it’s here, it’s on the Bloomberg Terminal
Bloomberg Terminal LEARN MORE
FacebookTwitterLinkedInEmailLink
Gift
By Alicia Clanton
September 21, 2023 at 5:00 PM GMT+1

Listen

1:21



Mortgage rates in the US rose for the second week in a row.

The average for a 30-year, fixed loan increased to 7.19% from 7.18% last week,
Freddie Mac said in a statement Thursday. It’s the sixth straight week that the
average rate has hovered above 7%.

Rising mortgage rates have squeezed affordability. The cost to finance a typical
listed home has doubled in the past three years due to high rates and home
prices, according to Realtor.com. Many owners have been reluctant to list their
homes, making what is available more expensive.



“Given these high rates, housing demand is cooling off,” Sam Khater, Freddie
Mac’s chief economist, said.

The yield on the 10-year Treasury rose Wednesday as the Federal Reserve left its
benchmark interest rate unchanged. The central bank also signaled that borrowing
costs will likely stay higher for longer.

Limited inventory has pressured sales. Transactions of previously owned
properties dropped in August to the lowest since the start of the year, National
Association of Realtors data showed.

Read More: US Existing-Home Sales Fall to Seven-Month Low on Rates, Supply

Deals are also falling through more often due in part to high borrowing costs.
About 16% of purchases in August were canceledBloomberg Terminal, the highest
rate since October, according to Redfin Corp.


LinkCopy Link
Follow all new stories by Alicia Clanton
Plus FollowingPlus Get AlertsPlus Get Alerts



FacebookTwitterLinkedInEmailLink
Gift

Have a confidential tip for our reporters? Get in Touch
Before it’s here, it’s on the Bloomberg Terminal
Bloomberg Terminal LEARN MORE





Terms of Service Do Not Sell or Share My Personal Information Trademarks Privacy
Policy ©2023 Bloomberg L.P. All Rights Reserved
Careers
Made in NYC
Advertise Ad Choices Help








Get unlimited access today.Explore Offer Arrow Right
Chevron Down
Subscribe now for unlimited access to Bloomberg.com and the Bloomberg app
Global news that uncovers a new tomorrow. Cancel anytime.
Get uninterrupted access to global news. Cancel anytime.
Claim This Offer