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High Mortgage Rates Persist, Limiting Options for Homebuyers in El Paso

KTSM••Michael J. Highfield Provost and Executive Vice President, Mississippi College; Mississippi State University and The Conversation
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Homebuyers in El Paso and across the U.S. are facing continued challenges as mortgage rates remain elevated, significantly impacting their purchasing power. The Federal Reserve's limited ability to influence these rates means that potential buyers may struggle to find affordable housing options. This situation is particularly pressing for first-time homebuyers and those looking to upgrade, as the high costs could lead to decreased home sales and a slowdown in the local real estate market. Residents should stay informed about market trends and consider their options carefully as they navigate this tough landscape.

federal-reserve real-estate mortgage homebuyers

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El Paso

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