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US mortgage market
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- 1Expert warns of 'terrible news' for housing market●This is 'TERRIBLE NEWS' for the housing market, expert warns
A housing market expert is warning of what they call 'terrible news' ahead for the US housing market, in comments aired by Fox Business. The warning comes as buyers and sellers already face high mortgage rates, limited inventory and affordability pressures, fueling concern that conditions could deteriorate further.
- 2Why Today's 7.5% Mortgage Rate Isn't the 1980s All Over Again●Why a 7.5% Mortgage Rate Today Is Very Different From an 18% Rate in the 1980s
Commentary is making the case that a 7.5% mortgage rate in today's market is far less punishing than the 18% rates US homebuyers faced in the early 1980s. The argument turns on home prices relative to incomes: rates are high now, but loan balances are many times larger, so the monthly payment burden can be comparable or worse. Readers are debating whether comparisons between the two eras of high rates actually hold up.