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Earlier this 12 months, mortgage rates of interest got here off their 2022 highs and settled within the 6% vary, offering a small break for these within the housing market.
That respite is now over. In latest weeks, charges have shot again above 7% and at the moment are quickly approaching 8%. The latest surge threatens to scramble the financial calculus for each patrons and sellers.
In case you’ve put a pause in your choice to purchase or promote a house due to excessive charges, The Instances wish to converse with you. Please fill out the shape beneath.
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