Mark Blinch/Reuters
- Mortgage rates have climbed to a two-year high.
- What’s different about this rise is a growing concern that borrowing costs are more likely to continue going up.
The recently passed Tax Cuts and Jobs Act created anxiety about housing, since it reduced some of the benefits that homeowners enjoyed.
However, the impact from the new tax law is most severe for high-priced homes, which make up just a minority of the market. See the rest of the story at Business Insider
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