Mortgage rates surge, nearing 7% after credit rating downgrade
TL;DR Summary
Mortgage rates in the United States are on the rise, approaching 7%, following the downgrade of America's credit rating. This increase in rates could impact homebuyers and the overall financial market, as interest rates play a crucial role in determining affordability and demand for housing.
Topics:business#credit-rating-downgrade#economy#financial-market#homebuyers#interest-rates#mortgage-rates
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