The economic shock hitting the housing market is getting bigger—6% mortgage rates look close - Yahoo Finance

The higher than expected inflation reading has made financial markets jittery again. Here's why that's bad news for homebuyers.

The good news: The Federal Reserve has the instruments necessary to rein in runaway inflation. The bad news: Those instruments are, well, blunt and will hit some sectors harder than others. Among the… [+5025 chars]

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