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 ...

  China Launches 1% First-Home Mortgage Subsidy From October 1: Who Qualifies and How Much Can Buyers Save? Beijing | September 30, 2026 China is introducing one of its most direct efforts yet to encourage ordinary households to buy homes. Starting October 1, 2026 , eligible first-time homebuyers taking out a new commercial mortgage can receive a government-funded interest subsidy equal to 1 percentage point a year for up to five years . The policy is national. It applies to qualifying first-home purchases with a property size of no more than 120 square metres and a purchase price no higher than 1.5 million yuan . The subsidy can apply to mortgage principal of up to 1 million yuan . The measure matters far beyond individual mortgage payments. China has spent years trying to stabilise a property market weakened by falling home prices, developer debt, weak construction activity and cautious consumers. Now policymakers are moving beyond conventional interest-rate changes and using go...