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Market Impact: 0.4
Higher mortgage rates will add more downward pressure on housing prices, economists say
Source: The Globe and Mail
Interest Rates & YieldsHousing & Real EstateCredit & Bond Markets
A major spike in bond yields last week has pushed mortgage rates higher. Economists expect the increase in borrowing costs to add downward pressure on housing prices, worsening affordability and weighing on residential real estate demand.
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