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RealEstateNews.com
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- 1Housing activity slows sharply as mortgage rates surge▼Housing activity hits the brakes as mortgage rates surge
Housing activity is slowing noticeably as mortgage rates climb, according to a report from RealEstateNews.com. Higher borrowing costs are being cited as the main brake on the market, cooling both buyer demand and transaction volumes. The report gives no specific figures, so the exact scale of the slowdown and the regions most affected remain unclear.