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Housing market affordability is worse than 2006 bubble What now?

The housing market is now less affordable than it was even before the 2006 real estate bubble popped. Now today’s mortgage rates have reached over 20-year highs. Does this mean the housing market is crashing? Here’s what experts say.

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Americans are applying for mortgages at the lowest rate in 28 years

Sky-high mortgage rates have kept many Americans sidelined, and mortgage applications for home purchases have dropped for six straight weeks.

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Apple Bond Rout Signals Trouble for Banks Balance Sheets: McDonald

Larry McDonald suggested that if Apple can take a hit for higher interest rates, mortgage-backed debt would likely see a sizeable write down too as mortgage rates jump.

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Homeownership Affordability Sees Slight Reprieve In July Amid Broader Challenges

Homeownership Affordability Sees Slight Reprieve In July Amid Broader Challenges
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A 40% rout in Apple bonds is signaling trouble for bank balance sheets with big debt holdings, markets guru Larry McDonald says

A 40% rout in Apple bonds is signaling trouble for bank balance sheets with big debt holdings, markets guru Larry McDonald says
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