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Benzinga
Benzinga
Business
Phil Hall

Housing Market Seesaw: Mortgage Rates Soar While Housing Starts Drop

Mortgage rates have spiked as a result of rising inflation and stronger than expected consumer spending, according to new data released by Freddie Mac (OTCQB:FMCC).

While mortgage rates were on the rise, housing starts were in decline, based on the latest federal data.

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