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The Fed’s rate hike means ‘mortgage rates are going to continue to rise’: Economist

Mortgage rates have been steadily rising over the past year, and with the Federal Reserve’s latest rate hike, there likely won’t be a slowdown any time soon, according to one economist. The rise in interest rates “means that mortgage rates are going to continue to rise and that we’re going to see some pullback in […]

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Housing market “pushed to the limit” as mortgage rates jump, sales slump

The housing slowdown we’ve been anticipating for months is here. The big picture: Home sales are slowing down, and some of the pandemic era’s hottest “Zoomtowns” — sleepy areas where remote workers pushed up real-estate prices — are already seeing price drops. Why it matters: The idea of a real estate downturn might seem scary, especially […]

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