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Mortgage rates climb again, hitting refinancing and homebuyers

Original: mortgage rates

Mortgage rates in the United States are rising again, putting fresh pressure on the housing market. CNBC reports that refinance demand has fallen to half its level of a year ago as rates climb. In Massachusetts, the Boston Globe says soaring rates are dealing another blow to affordability, with buyers facing significantly higher monthly payments.

Why now: Rising mortgage rates are directly affecting homebuyers and homeowners considering refinancing.

CNBCThe Boston GlobeMassachusettsUS housing market

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Evidence

• Refinance demand is now half what it was a year ago, as mortgage rates rise again · CNBC
• Mortgage rates are soaring, another blow to Mass. housing affordability as buyers face higher monthly payments · The Boston Globe

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