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Chicago Tribune
Chicago Tribune
Business
Darcel Rockett

Creeping interest rates are cause for pause, readjustment of expectations when it comes to home buying

KITE Chicago

The housing market has had a lot to contend with recently: The COVID-19 pandemic. Property tax increases. Inflation. Rising costs of construction material. A shortage of housing inventory.

And then there are other factors from affordability to soaring prices in rentals.

The latest addition to the list: creeping interest rates that are impacting mortgages.

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