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29 March 2024
The Impact of High Mortgage Rates on Home Prices: Insights from Experts
The Federal Reserve's ongoing battle with inflation, which has surpassed 3% for the first three months of 2024, has resulted in mortgage rates ticking up, with the average 30-year mortgage rate now exceeding 7%. With inflation moving unfavorably and interest rates remaining high, prospective homebuyers are left grappling with elevated home prices and borrowing costs.
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