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Mortgage rates moved higher again on September 28, keeping borrowing costs above 7% for many U.S. homebuyers and adding another layer of pressure to a housing market already dealing with affordability challenges.
Mortgage rates moved higher again on September 28, keeping borrowing costs above 7% for many U.S. homebuyers and adding another layer of pressure to a housing market already dealing with affordability challenges.
U.S. markets recovered after a rate-driven decline, while households continued watching borrowing and housing expenses.
Florida's condominium sector remains a significant residential real estate subject as buyers, owners, and developers assess market conditions.
The U.S. housing market experienced another slowdown as existing-home sales fell to an annualized rate of 3.98 million, marking the third consecutive monthly decline and underscoring the continued effect of elevated mortgage costs.
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.
