Mortgage Rates Are ‘Eating Up All the Good News’ on Housing, Says NAHB CEO — Peter Schiff Warns of ‘Worst Housing Market in US History’
Mortgage rates strain housing market as NAHB’s Jim Tobin and Peter Schiff weigh in.
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Why It Matters
When the cost of borrowing money goes up, fewer people can afford to buy homes. This makes the housing market slower, which affects companies that lend money for mortgages.
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