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Adjustable-rate mortgages becoming more attractive to buyers

Por: ABC News Business September 22, 2022

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The Federal Reserve’s string of has thrown cold water on the once red-hot housing market.Existing home sales fell for the seventh straight month in August, down 0.4%, according to the National Association of Realtors, as the central bank aggressively raises interest rates to and drive down high inflation. That has led to higher mortgage rates, increasing borrowing costs for home buyers by hundreds of dollars a month.The average rate on a... + full article



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