The rise in mortgage rates follows escalating global tensions and a rebound in short-term rates, which dampened market hopes for rate cuts.
Debt Instruments
The loan agreement includes terms of four and eight years, with Canfor retaining the option to extend each for an additional two ten-year periods.
The potential homebuyers are waiting to see if rates will fall further, with more economic data expected in the coming weeks.
The corporation expects further rate reductions, which could potentially increase housing market activity.
The company is working to exit bankruptcy with a plan that would leave shareholders holding just 5% of the restructured company.
U.S. 30-year fixed-rate mortgage (FRM) averaged 6.20% as of September 12, 2024, down from last week when it averaged 6.35%.
U.S. mortgage rates remained flat this week.
The reduction in lending could slow housing supply.
U.S. 30-year fixed-rate mortgage (FRM) averaged 6.35% as of August 29, 2024, down from last week when it averaged 6.46%.
The news of the SPO sent shockwaves through the market, causing Segezha’s shares to plunge by 20% during trading on the Moscow Exchange.
U.S. 30-year fixed-rate mortgage lingers just under 6.5%.
This decrease follows a peak of nearly 8% in 2023, which had a substantial cooling effect on the housing market.
U.S. 30-year ixed-rate mortgage averaged 6.47% as of August 8, 2024, down from last week when it averaged 6.73%.
Inflation in the U.K. has returned to the bank’s 2% target, but services inflation remains high at 5.7% in June.
U.S. 30-year fixed-rate mortgage averaged 6.73% as of August 1, 2024, down from last week when it averaged 6.78%.
U.S. mortgage rates show little movement.
U.S. mortgage rates continue to fall.
U.S. mortgage rates tick down as markets digest incoming data.
This financing will aid the company's Euro 1 billion investment in the Oulu mill in Finland.
A year ago at this time, the 30-year FRM averaged 6.81%.