The average rate on a 30-year mortgage has been rising again, making it even harder for buyers to afford homes, which are in short supply.
Tag: United States Economy
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Why Wall Street is Gung-ho on the Housing Market
Despite mortgage rates hitting multidecade highs and jitters in the bond market, demand for new homes is strong and prices are rising.
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Biden Celebrates Inflation Reduction Act’s Effects on Law’s First Anniversary
The anniversary of the Inflation Reduction Act happened to coincide with a significant decrease in the inflation rate, but the law was really about priorities like clean energy, drug prices and corporate taxes.
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Fed Officials Avoided a Victory Lap at July Meeting
Federal Reserve officials raised interest rates at their July 26 meeting, but investors doubt that they will lift them again this year.