Real Estate & Home

Can the housing market weather the storm as mortgage rates climb past 6.7%?

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Mortgage rates have climbed past 6.7%, driven by geopolitical tensions and rising inflation, with no immediate relief expected despite efforts to stabilize deals through seller credits and faster closings. This trend impacts developers and tech professionals by increasing financing costs and potentially dampening housing market activity unless broader economic uncertainties ease.

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Can the housing market weather the storm as mortgage rates climb past 6.7%?

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