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More than 70% of recent home buyers were counting on mortgage rates to drop. Now they’re stuck.

Economy MarketWatch By Aarthi Swaminathan 23 Jul 2026 19:08 1 min read
More than 70% of recent home buyers were counting on mortgage rates to drop. Now they’re stuck.

Refinancing to a lower rate isn’t an option for many homeowners, who now face “financially unsustainable” mortgage payments.

Refinancing to a lower rate isn’t an option for many homeowners, who now face “financially unsustainable” mortgage payments.

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