Mmastodon BusinessFinance first seen 6 h ago, last 59 min ago, peak #1
Mortgage rates climb back above 7 percent
Original: The housing market is way out of whack - Mortgage rates rise again, hitting over 7% and depressing the housing market. h
Mortgage rates in the United States have risen again, moving above 7 percent and putting further pressure on an already strained housing market. Commenters describe the market as badly out of balance, with high borrowing costs discouraging buyers and worsening affordability. The development feeds into broader frustration over the ongoing housing crisis and the state of the economy.
Why now: Fresh confirmation that mortgage rates have crossed the 7 percent mark is renewing debate about housing affordability.
US housing marketmortgage rates
Rank over time, top of the chart is #1. 14 snapshots from 6 h ago to 59 min ago.
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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