US Mortgage Rates to Stay High and Delay Housing Market
U.S. mortgage rates will remain elevated due to rising Treasury yields and federal borrowing. A Reuters poll shows home price growth and sales will stay muted.
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Xurve View
United States mortgage rates will stay elevated through coming quarters, leaving home price growth muted and dashing hopes for an immediate housing market revival. Property experts surveyed by Reuters predict borrowing costs will decline only modestly, according to data published Monday. Elevated financing expenses threaten to undermine government housing initiatives as affordability strains intensify across the country.
