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America’s Most Splendid Housing Bubbles, April Update: Raging Mania on the Eve of Soaring Mortgage Rates

Byadmin April 27, 2022

At the time the rate locks were issued for these transactions, mortgage rates were still around 3.2%. By Wolf Richter for WOLF STREET. Home prices have soared — including about 30% or more in Phoenix, Tampa and Miami year over year — according to the S&P CoreLogic Case-Shiller Home Price Index today. But this madness…

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