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Freddie Mac: rapidly rising rates and declining demand driving a housing market slowdown  (access required)

The current deceleration of the housing market given declining demand is likely to continue, Freddie Mac said. In a new Quarterly Forecast, the company’s Chief Economist points to mortgage rates that have more than doubled in the last year as the key driver. “Mortgage rates have increased at the fastest rate in four decades, quickly taking the wind ...

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