The housing market was already painful, ugly and anxious. Now the 8% mortgage rate is back

The housing market was already painful, ugly and anxious. Now the 8% mortgage rate is back

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Today's housing market is a toxic mix of high mortgage rates, high prices, tight supply and strangely strong pent-up demand — and it's scaring off buyers and sellers alike. Prices were already high, driven by supercharged demand during the height of the Covid-19 pandemic. Now the popular 30-year…

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