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flag Rising mortgage rates threaten spring homebuying season.

flag Rising mortgage rates, now averaging 6.46% for 30-year fixed loans, are threatening to dampen the spring homebuying season. flag The increase, linked to the war in the Middle East and resulting inflation concerns, has added hundreds of dollars monthly to payments, worsening affordability. flag This may discourage both buyers and sellers, limiting inventory and undermining earlier forecasts of a 14% rise in existing home sales.

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