{"id":645617,"date":"2026-10-14T00:18:21","date_gmt":"2026-10-14T00:18:21","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/645617\/"},"modified":"2026-10-14T00:18:21","modified_gmt":"2026-10-14T00:18:21","slug":"us-house-sales-drop-to-12-year-lows-as-borrowing-costs-spike","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/645617\/","title":{"rendered":"US house sales drop to 12 year lows as borrowing costs spike"},"content":{"rendered":"<p>US home sales plunged <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-10-12\/mortgage-shock-sends-us-pending-home-sales-to-near-12-year-low?srnd=homepage-americas\" class=\"_linkEmbed_1pt7l_31\" rel=\"noopener nofollow\" target=\"_blank\">to a 12-year low<\/a> after mortgage rates topped 7%, driven by soaring global borrowing costs. Increasing energy prices and higher-for-longer inflation expectations have sent debt costs to recent records, with <a href=\"https:\/\/www.cnbc.com\/2026\/10\/07\/treasury-yields-auction-fomc-minutes.html\" class=\"_linkEmbed_1pt7l_31\" rel=\"noopener nofollow\" target=\"_blank\">US bond yields touching a 24-year high<\/a> and European debt climbing to levels not seen in decades. <\/p>\n<p>Higher borrowing costs are impacting poorer nations, as well: The UN warned several countries were facing a \u201c<a href=\"https:\/\/www.undp.org\/press-releases\/highest-borrowing-costs-decades-push-developing-countries-brink-liquidity-crisis-warns-un-development-programme\" class=\"_linkEmbed_1pt7l_31\" rel=\"noopener nofollow\" target=\"_blank\">liquidity crisis<\/a>\u201d that could push millions into poverty, with developing countries now on average spending 9.5% of government revenues on interest payments, the highest share in a quarter century. \u201cThe global economy <a href=\"https:\/\/www.wsj.com\/economy\/global\/imf-warns-of-global-economic-setbacks-as-shocks-test-resilience-57066f51\" class=\"_linkEmbed_1pt7l_31\" rel=\"noopener nofollow\" target=\"_blank\">could soon test the limits of resilience,<\/a>\u201d the IMF\u2019s chief economist said.<\/p>\n","protected":false},"excerpt":{"rendered":"US home sales plunged to a 12-year low after mortgage rates topped 7%, driven by soaring global borrowing&hellip;\n","protected":false},"author":2,"featured_media":645618,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[114,184,85,46],"class_list":["post-645617","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-il","tag-israel"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/645617","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=645617"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/645617\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/645618"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=645617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=645617"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=645617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}