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As mortgage rates climb, the US housing market is slowing down

As mortgage rates climb, the US housing market is slowing down
Photo: WXYZ Channel 7 (ABC Detroit) - News · view original

Mortgage rates in the U.S. climbed to their highest level since January 2025, and new home construction declined, adding to concerns about a housing market slowdown in the U.S. The weekly average rate on a 30-year fixed-rate home loan rose to 6.95% this week, up from 6.76% last week and 6.26% on...

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