The US Fed kept interest rates unchanged at its April 29 meeting despite inflation still running above the 2% target. The decision passed in a sharply divided 8–4 vote, the closest split since 1992, signaling uncertainty about future cuts. With attention now on whether the 30-year fixed mortgage rate could fall soon, the next data points may decide homeowners’ prospects.
India’s IT slowdown, amplified by AI-driven automation and weaker outsourcing demand, is starting to spill into real estate, mortgages, and employment in tech-heavy cities. As companies including Infosys and HCL Technologies curb hiring, banks are rethinking underwriting standards. Rising job risk could translate into tougher loan approvals and altered demand in property markets.
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