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Market Impact: 0.4
US Mortgage Rates Surge Above 7% to a More Than Two-Year High
Source: Bloomberg
Housing & Real EstateInterest Rates & Yields
US mortgage rates climbed to their highest level in more than two years, adding pressure to an already weak housing market. Elevated home prices and sluggish sales are likely to worsen as higher borrowing costs further constrain affordability and buyer demand.
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mildly negative
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