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Home prices have been on a tear since late 2020 despite generally higher rates in 2021. In the past few months, rates have upped the ante by surging at one of the fastest paces in history, but in data just released this week, home prices are moving higher at an even faster pace. What’s up with that?
Source: Kevin Litwicki MBSLIVE
When Will Prices Care About Rising Rates? And Are Rates Done Rising?

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Mortgage rates are based on movement in the bond market, and as of the middle of this week, bonds had lost a good amount of ground every day for 8 straight days. With that, the average 30yr fixed rate officially hit its highest level in 3 years. That happened on the same day that the Federal Reserve hiked rates for the first time since 2018, but is there a connection?
Source: Kevin Litwicki MBSLIVE
Highest Mortgage Rates in 3 Years After Fed Hikes, But Is There a Connection?

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