Market Rebound Follows Federal Reserve Rate Increase as Borrowing Costs Remain in Focus
U.S. markets recovered after a rate-driven decline, while households continued watching borrowing and housing expenses.
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Mortgage Rates Remain Elevated as Housing Costs Stay in Focus for U.S. Buyers
Mortgage rates remained elevated for American homebuyers on Tuesday, reinforcing the financing challenge facing households entering the housing market while financial markets continued to assess inflation and the Federal Reserve's next interest-rate decision.