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Mortgage

Doug Duncan, Fannie Mae Senior Vice President and Chief Economist (Credit: Fannie Mae)

U.S. housing activity to slow through 2024 amid high mortgage rates

USA: The higher rate environment is projected to dampen U.S. housing activity this year, according to the Federal National Mortgage Association, also known as Fannie Mae. In its latest forecast, the Fannie Mae Economic and Strategic Research (ESR) Group expects overall economic growth to slow and mortgage rates to end the year near 7 percent.…

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