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The USA thirty-year mortgage loan interest rate has risen to 6.67%, increasing for two consecutive weeks.
Mortgage rates in the USA have risen for the second consecutive week, with Freddie Mac stating that the average rate for a 30-year loan is 6.67%, up from 6.65% last week. Buyers have been coping with high borrowing costs and prices but are also seeing an increasing number of properties available for sale, easing the supply crunch that has plagued the market in recent years. The National Association of Realtors indicates that this has helped stimulate sales of existing homes in February.
Shifting US Trade Policies Could Lead to Euro Area Growth Decline, ECB Warns
Express News | The Governor of the French Central Bank: The European Central Bank has room for further interest rate cuts.
Express News | Gainscope Group: For most Federal Reserve members, high inflation remains the primary risk currently and for the foreseeable future.
ECB Contemplates Further Rate Cut Amid Low Inflation Concerns
The President of the European Central Bank, Christine Lagarde, warned that the escalating trade disputes between Europe and the United States pose economic risks.
On March 20, according to CCTV, European Central Bank President Christine Lagarde stated during a meeting of the European Parliament's Economic and Monetary Affairs Committee that trade disputes between Europe and the USA could have a severe impact on the economy of the eurozone and drive up inflation levels. She warned that if the USA imposed a 25% tariff on European imported commodities, the eurozone economy could decline by about 0.3 percentage points in the first year, and if the EU took countermeasures to increase tariffs on American imported commodities, this loss could further widen to 0.5 percentage points. Lagarde pointed out that the impact of trade barriers is mainly concentrated in the first year after implementation.