Mortgage Rates Hit 7% as Iran War Crushes a Weak Housing Market
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CBS News - Top Stories
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Mortgage Rates Hit 7% as Iran War Crushes a Weak Housing Market
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Mortgage rates are back above 7%.
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Rates are "far more likely to go up than down by the end of the year," a senior economist at Realtor.com told CBS News.
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The average rate on a 30-year mortgage in the United States jumped to 7.03 percent, putting pressure on housing affordability.
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