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Housing investors face worst market in three years as mortgage rates surge

CNBC

Housing investors report a severe market downturn as mortgage rates climb to their highest level in over a year, driven up sharply by the conflict with Iran following a brief February low.

  • Housing investors cite worst market conditions in at least three years
  • Mortgage rates spiked at the start of the war with Iran after hitting a recent low in late February
  • Current mortgage rates are at their highest level in over a year

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