Is housing about to get more affordable after paused Fed rate hikes? ...Middle East

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Is housing about to get more affordable after paused Fed rate hikes?
Homebuyers could see little relief in mortgage rates in the short-term, even after the Federal Reserve paused its series of interest rate hikes that drove up mortgage pricing following a period of historic lows.   Instead, buyers’ new normal for 2023 could be mortgage rates fluctuating consistently yet holding between 6 and 7 percent, should inflation remain high.  But even as figures show that housing costs continue to drive inflation, moderating prices on the rental side in the next six months could offer renters a reprieve.  How Fed rate hikes impacted mortgage rates  The central bank’s aggressive monetary tightening policies over the last year have put pressure on the hous

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