Rajatheertha Construction & Real Estate News Blog

  U.S. Mortgage Rates Hit 7.28%: What Homebuyers Should Do Now as Borrowing Costs Reach a Nearly 3-Year High United States | October 3, 2026 Estimated reading time: 8–10 minutes Buying a home in the United States just became more expensive again. The average rate on a 30-year fixed mortgage jumped to 7.28% as of October 1 , up sharply from 7.03% a week earlier, according to Freddie Mac. That is the highest level in nearly three years and the biggest weekly increase in roughly four years. The average 15-year fixed mortgage now stands at about 6.60% . For homebuyers already struggling with high property prices, the latest move creates a difficult combination: home prices remain elevated + mortgage rates are above 7% + monthly payments are rising. At the same time, the U.S. labor market has suddenly weakened. September payroll growth came in at only around 29,000 jobs, reducing expectations that the Federal Reserve will raise rates again at its October meeting. Some investors now see ...

  Hyderabad CURE Act Now in Force: New Property Tax Rules, 10% Cap and What Owners Need to Know Hyderabad | October 3, 2026 Hyderabad's biggest municipal-governance change in decades is no longer just a proposal. The Core Urban Region (Integrated Governance) Act, 2026 — commonly called the CURE Act — came into force on October 2 , replacing the Greater Hyderabad Municipal Corporation Act, 1955 and introducing a common framework for the Greater Hyderabad, Cyberabad and Malkajgiri municipal corporations. For property owners, the most important change is property tax. Hyderabad is moving away from the old Annual Rental Value, or ARV, method and toward a Capital Value System, or CVS , under which property tax is linked to the capital value of the property. But there is an important distinction that many headlines miss. Newly constructed properties that have not yet been assessed can come under the Capital Value System from now, while existing properties are expected to transition from...

  UK House Prices Fall in September 2026 as Mortgage Rates Rise: Is a Bigger Property Slowdown Coming? London | October 1, 2026 Britain’s housing market has entered the final quarter of 2026 on a weaker footing, with UK house prices unexpectedly falling in September while mortgage borrowing costs continue to rise. Nationwide Building Society’s latest house-price index shows that prices fell 0.2% month-on-month in September , after seasonal adjustment. Annual house-price growth slowed sharply to just 0.8% , down from 1.6% in August and the weakest annual growth since December 2025. The average UK home in Nationwide’s monthly series was valued at £274,251 , down from £275,465 in August. The slowdown comes at an awkward moment for prospective buyers. Bank of England data released this week shows that the effective interest rate actually paid on newly drawn mortgages climbed to 4.60% in August , from 4.45% in July. Mortgage approvals for house purchases dropped to 54,900 , well below t...

  New York Rent Algorithm Ban Blocked: What the RealPage Ruling Means for Renters and Landlords New York | October 1, 2026 A federal judge has temporarily blocked New York from enforcing a landmark state law aimed at preventing landlords and property managers from using algorithmic pricing tools to coordinate residential rents. The ruling is a major development in the growing debate over whether software and artificial intelligence can legally influence the price people pay for housing. U.S. District Judge Valerie Caproni granted a preliminary injunction in favour of RealPage, the Texas-based property-management software company that challenged the law on constitutional grounds. The decision does not permanently strike down New York's law. Instead, it prevents enforcement while the lawsuit continues, after the judge concluded that RealPage was sufficiently likely—at this stage—to succeed on its argument that parts of the legislation may violate the First Amendment. For renters an...