Financial Impact of 7% Mortgage Rates on Housing Market According to Fed Chair Powell
Wednesday, 10 July 2024, 11:01
Mortgage Demand Dip at 7% Rates
Mortgage demand has shown a decrease as interest rates stay at 7%, impacting the housing market.
Fed Chair Powell's Perspective
This situation is considered to be beneficial for the housing market according to Fed Chair Powell.
- Understanding effects on homebuyers and lenders
- Potential implications on the economy
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