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U.S. mortgage rates surpass 7%, impacting home sales and affordability due to credit rating downgrade.
Mortgage rates in the U.S. have climbed above 7% following Moody's downgrade of the country's credit rating.
This surge, driven by concerns over high government debt, has led to a drop in home sales and lowered homebuilder sentiment.
The housing market faces increased affordability challenges due to high home prices and rising rates, impacting potential buyers' ability to qualify for mortgages.
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Las tasas hipotecarias estadounidenses superan el 7%, afectando las ventas de viviendas y la asequibilidad debido a la degradación de la calificación crediticia.