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Rising interest rates hit the housing market
Original: mortgage
Rising mortgage rates are weighing on the real estate market, and Bay News 9 reports that higher borrowing costs are affecting buyers and sellers alike. As rates climb, affordability shrinks and demand cools, prompting discussion about where home prices and mortgage costs are headed next.
Why now: Interest rate increases are directly changing mortgage costs and housing affordability for consumers.
Bay News 9Federal Reservereal estate market
Evidence
- Rising interest rates impact real estate market · Bay News 9
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