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High Mortgage Rates Deepen Housing Affordability Crisis

Original: High mortgage rates compound housing affordability challenges

High mortgage rates are making home ownership increasingly out of reach, compounding existing housing affordability challenges. Elevated borrowing costs are pushing monthly payments higher at a time when home prices remain elevated, leaving many prospective buyers priced out of the market and adding pressure to an already strained housing supply.

Why now: Mortgage rates remain high, keeping housing affordability a pressing concern for buyers and policymakers.

mortgage markethousing market

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