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Mortgage Rates Have Soared. Here's When We Can Expect Them To Fall Again

The Federal Reserve has been steadily raising interest rates over the past year to combat the rise in inflation, and no market feels the impact of these decisions like the housing market. Lawrence Yun, the chief economist at the National Association of Realtors, says housing is the area of the economy that is "most sensitive to" the Federal Reserve's hikes in interest rates (per Forbes). As a result, housing affordability is at a level we haven't seen in 37 years, per Yahoo! Money.

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Mortgage Rates Have Soared. Here's When We Can Expect Them To Fall Again
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    Mortgage Rates Have Soared To A 16-Year High. Here's When We Can Expect Them To Fall Again

    Mortgage Rates Have Soared To A 16-Year High. Here's When We Can Expect Them To Fall Again

    The housing market has been on a roller coaster ride over the past several years. The volatility during the 2020 shutdown resulted in an 18% drop in …

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