Yahoo Finance reported that, driven by the simultaneous rise in 10-year and 30-year US Treasury yields, the US 30-year fixed mortgage rate climbed to its highest level in nearly three years, further raising the burden on purchasers and exerting sustained pressure on housing-market activity.
The average 30-year fixed mortgage rate in the United States has climbed to its highest level since 2023, pushing buyers toward adjustable-rate mortgages (ARMs) that offer lower introductory rates but carry reset risk. The structural shift highlights how the housing affordability crisis is reshaping both household finances and the broader real estate cycle, while also constraining the Federal Reserve’s policy path.
Evergrande founder Xu Jiayin sentenced to life imprisonment for multiple economic crimes, marking a judicial reckoning for China’s property debt crisis.
Core Summary The world’s largest stablecoin issuer, Tether, has announced the expansion of its tokenization business into Saudi Arabia, initially focusing on institutional real estate assets with plans to expand to other asset classes. This move marks Tether’s strategic push from stablecoin operations into the broader realm of real-world asset (RWA) tokenization. Event Details Tether, the issuer of the USDT stablecoin, is extending its tokenization footprint into the Middle East. Saudi Arabia has become its latest target market, with an initial focus on tokenizing institutional-grade real estate assets. ...
BBC reports that San Francisco’s median home price has reached a record $1.7 million, driven by wealthy AI workers. Local residents face an increasingly severe affordability crisis.
A luxury resort development in Albania backed by Jared Kushner has sparked local protests, according to the BBC. Demonstrators fear the project will damage protected natural environments along the Albanian coastline. Environmental groups have called on the government to reassess the project’s environmental impact before proceeding.