What is Left Unsaid

The top story in the finance section at iFeng is...America's mortgage rates. Housing is of great interest to Chinese.

iFeng: 美国房贷利率创14年新高！刚需负担一年翻倍

As the Federal Reserve continues to raise interest rates violently, U.S. mortgage interest rates continue to soar, more than doubling in a year.

The average rate on a 30-year fixed mortgage in the U.S. has topped 6 percent this week, the highest level since 2008.

The average interest rate on 30-year fixed mortgages climbed to 6.02% this week, up from 5.89% last week, a survey of lenders released by US home mortgage finance giant Freddie Mac showed on the 15th. 2.86% a year ago. On the other hand, despite weakening demand amid high interest rates, U.S. home prices are still running high, with the average home now just under $370,000, still higher than a year ago.

Another top headline (below the above) is about how the Chinese housing market could be rebounding because the sales drop has narrowed for three months.

iFeng: 房地产多个指标回升！销售额降幅连续3个月收窄，房企资金状况有改善

Two real estate bubbles ready to burst in the two largest economies in the world.