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Mortgage shock cools housing in the US, UK and Australia as Indian supply surges | Lavamgam

Real Estate

Negative

Mortgage shock cools housing in the US, UK and Australia as Indian supply surges

The US 30-year mortgage rate hit 7.28%, and applications plunged; UK house prices slipped in September, while Australian values fell from their March peak. Against that cooling, Hyderabad’s new-home supply surged 120%—a reminder that property markets are moving at very different speeds.