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They Signed Contracts for Their Dream Homes Last Year. Now Their Borrowing Costs Are Ballooning.


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The New York Times
SOURCE: https://www.wsj.com/articles/they-signed-contracts-for-their-dream-homes-last-year-now-their-borrowing-costs-are-ballooning-11652607001?mod=hp_lead_pos4
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Summary

Many buyers in contract for new homes calculated monthly payments based on near-record-low mortgage rates

As said here by Nicole Friedman