US Mortgage Rates Rise, Straining Homebuyers and Housing Market
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#4f691011 ver:0.97

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 to recover and help first-time buyers. The Federal Reserve's influence on rates and a potential rate cut are being closely watched. Despite the rise, the US economy remains resilient. Mortgage payments in America have surged by 96% in the last four years, making it harder for buyers. New Zealand considers 2% loans for first-time buyers, but concerns about cost and impact on house prices arise. #MortgageRates #HousingMarket #FirstTimeHomebuyers...

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

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