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30-Year Mortgage At Highest Level Since 2000: Two REIT Sectors That May Benefit

Last week the national average rate on the 30-year fixed mortgage rose to 7.48%, the highest level in the U.S. since November 2000. A rise in bond yields on Monday triggered an increase in the 30-year mortgage rate, the most popular form of loan term. The increase makes housing even more unaffordable than it already was, especially for starter homes. It also increases the likelihood that homeowners with far lower mortgage rates will stay in their homes rather than move to another location or typ ....

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