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Home / Inside Tract / Rising Mortgage Rates Take Big Bite out of Buyers’ Budgets (access required)

Rising Mortgage Rates Take Big Bite out of Buyers’ Budgets (access required)

Home-value growth is slowing, price cuts are more common and for-sale inventory is up. Sounds like relief is imminent for home buyers, right? Not so fast. Mortgage rates have been steadily climbing for the past two years and could approach 6 percent by the end of 2019, dulling those factors. Rising interest rates bite into buyers' ...

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