Here’s a quick digest of what happened in real estate finance last month:
+ Mortgage rates reached their highest point since June, with 30-year fixed rates jumping to 3.01%.
+ The Fed discusses increasing interest rates in 2022-2023, which may put downward pressure on the housing market.
+ Black and Hispanic homeowners haven’t generated the same amount of wealth from owning real estate as their white neighbors due to the racial gap in housing returns.
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