June 16, 2022
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1:56Now PlayingAre house prices about to plummet? Within six months, mortgage rates are doubling in percentages. In January, mortgage rates were 3 percent and now it's more than 6 percent. The hot housing market is cooling off, with prices coming down from 5 to 10 percent in some locations. It's also estimated that 25 percent of homes on the market have cut their prices.
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