Mmastodon BusinessFinance first seen 18 h ago, last 7 h ago, peak #1
Mortgage rates climb back above 7 percent, chilling housing market
Original: The housing market is way out of whack - Mortgage rates rise again, hitting over 7% and depressing the housing market. h
Mortgage rates have risen again, pushing past 7 percent and further dampening an already strained US housing market. Commenters describe conditions as badly out of balance, with high borrowing costs discouraging buyers and worsening an ongoing affordability and supply crisis. The renewed climb in rates is being discussed as another setback for would-be homeowners and for hopes of a housing recovery.
Why now: Fresh data showing mortgage rates topping 7 percent has reignited debate over housing affordability and the state of the market.
US housing marketmortgage ratesFederal Reserve
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Evidence
- The housing market is way out of whack - Mortgage rates rise again, hitting over 7% and depressing the housing market. https://www. slowboring.com/p/the-housing-m arket-is-way-out-of # mortgage # economy # housing # HousingCrisis # finance · CharlieMcHenry@connectop.us · 7
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