Mortgage rates are gonna rain on this house party

There are reasons to believe that the US housing market will be able to withstand rising interest rates. That doesn’t mean higher borrowing costs can’t knock a few shingles off.

The National Association of Realtors reported Friday that 6.5 million previously owned homes sold in January at a seasonally adjusted annual rate, up from 6.09 million a month earlier and well above the 6.1 million that economists were waiting.


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