US Housing Market Cools as Mortgage Rates Climb
As mortgage rates climb above 7%, the US housing market is feeling the chill, with home sales hitting their lowest point in over a year and buyers growing more hesitant amid rising costs.
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US Housing Market Cools as Mortgage Rates Hit New Highs
Mortgage rates impact the housing market’s momentum, with recent jumps above 7% cooling buyer demand and prompting builders to rethink plans as affordability tightens. This shift is reshaping expectations across the U.S. housing landscape and related industries.