The Wall Street Journal
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How a Whopping 5% Mortgage Rate Will Affect the Housing Market
Posted
April 15, 2022
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10,656
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April 15, 2022
10,656
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4:07Now PlayingThe average 30-year fixed rate mortgage has broken past 5%. Mortgage rates were below 3% as recently as November and consumers seem to have grown accustomed to such historically low rates. But times are changing. I'll explain how a 5% mortgage rate will add to the U.S. housing affordability problem and why even rates this high are not expected to crash the market just yet.
I’m Dion Rabouin, a WSJ reporter covering markets and the economy. I’ll be diving into all things finance, from the popular and well-known — like crypto and stocks — to the complex and intricate — like leveraged loans, derivatives and private equity. Subscribe to join me as I take a deep dive into what’s making money move and why it matters.
#Housing #MortgageRates #DionRabouin
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