US Mortgage Rates Rise, Straining Homebuyers and Housing Market
===============	
#4f691011 ver:0.96

US mortgage rates rise above 7%, causing a decline in home purchase applications. First-time homebuyers face challenges with elevated rates and rising prices. The housing market needs relief on rates for recovery. The possibility of a rate cut is indicated, but rates are not expected to go below 6% unless there is a significant economic slowdown. Mortgage demand slipped last week, and the labor market may be slowing. Despite the rise in rates, the US economy shows resilience. The average mortgage payment in America has surged by 96% in the last four years. In New Zealand, there is a discussion about issuing 2% loans to first home buyers, but concerns about cost and impact on house prices arise. #mortgagerates #housingmarket #economy #firsttimehomebuyers #interestrates #recovery #NewZealand...

#newstr #MortgageRates #HousingMarket #GovernmentHomeLoans #HousingAffordability #InterestRates #NewZealand 

 https://here.news/story/4f691011?ver=0.96