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Business & Economics

Mortgage rates cross back over 7% after U.S. credit downgrade

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Summary
Nutrition label

73% Informative

Rate on the 30-year fixed mortgage crossed 7% , hitting its highest level since April 11 .

Pending sales of existing homes in April , counted by signed contracts, dropped 3.2% compared to April of last year .

Homebuilder sentiment is now at the lowest level since the end of 2023 .

VR Score

84

Informative language

92

Neutral language

8

Article tone

formal

Language

English

Language complexity

45

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

Affiliate links

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