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Economist Perspective: High Interest Rates Hamper U.S. Housing Market

Economist Perspective: High Interest Rates Hamper U.S. Housing Market

Posted September 26, 2023 at 9:30 am
Erik Norland
CME Group

The average rate for a 30-year fixed-rate mortgage is over 7%. Could this tremendous increase in mortgage rates cause the U.S. housing market to crash like it did in 2008? CME Group Senior Economist Erik Norland explains.

Originally Posted September 25, 2023

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