The housing market is about to take a hit as student loan payments restart

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Student loan payments are set to resume in October of this year.

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US home prices are nearly back to all-time highs reached last summer

Tech Insider
A row of suburban homes in Northern California
Some of the most active homebuyers during the COVID-19 pandemic are now pumping the brakes on purchases.

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The average homebuyer lost $71,000 in purchasing power over the last year as mortgage rates refuse to ease

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US house prices
The average 30-year fixed mortgage rate clocked in at 7.48% the last week, according to Mortgage News Daily.

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Americans now need to spend 43% of their income to afford a home as mortgage rates surge to a 23-year high

Tech Insider : Economy, Economy
A new housing development in Waldorf, Maryland.
A new housing development in Waldorf, Maryland.

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