Nov
15
Spike in Mortgage Rates Throws a Wrench Into U.S. Housing Market
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Higher borrowing costs limit some buyers, could slow building
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Price gains may weaken as people seek smaller, cheaper homes
The spike in borrowing costs in response to President-elect Donald Trump’s pro-growth agenda is causing some heartburn in America’s housing industry.
San Diego mortgage broker Shanne Sleder said a third of his clients, many of whom were already stretching budgets to buy homes in pricey southern California, are having to reconsider what they can afford as rates soar…
Spike in Mortgage Rates Throws a Wrench Into U.S. Housing Market
