AGP Executive Report
Last update: 8 hours agoMortgage Costs: The average U.S. 30-year mortgage rate jumped to 7.49%, its highest in nearly three years, while purchase applications fell 4%. India’s central bank also raised its benchmark rate by 0.25 percentage points, putting home-loan EMIs under pressure as festive-season sales approach. Market Pulse: UK house prices were flat in September, with the average at £298,441; higher borrowing costs and economic uncertainty are weighing on buyers. Buyer Protection: Hyderabad police are investigating an alleged property scam that used repeated sale and mortgage agreements to defraud 54 people of about Rs 4.5 crore. Affordability: Summit County, Utah, says its $1.3 million median home price is far beyond reach for many local workers, worsening staffing and commuting pressures. Inspection Advice: A newer home still deserves a professional inspection; hidden construction or repair defects can cost far more than the inspection fee.
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