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Realtor.com® Market Clock® Report: Buyers Gain Ground as Mortgage Rates Top 7%
Source: PR Newswire
Housing & Real EstateInterest Rates & Yields
About two-thirds of U.S. metropolitan areas favor buyers or are moving in that direction, giving homebuyers greater leverage. Higher mortgage rates are reducing what a fixed monthly budget can purchase; the article excerpt provides no further figures or market reaction.
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