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El Paso Homebuyers Face Rising Mortgage Rates Amid Global Tensions

KVIA••CNN Newsource
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As the spring homebuying season approaches, El Paso residents are experiencing rising uncertainty in the housing market. Mortgage rates have increased for five consecutive weeks, reaching 6.46%, the highest in seven months, according to Freddie Mac. This surge in rates comes alongside economic instability linked to the ongoing US-Israeli conflict, which has also contributed to rising gas prices and stock market volatility. Homebuyers and sellers in El Paso are encouraged to share their experiences as these economic changes unfold, potentially impacting their real estate decisions.

Key Details: • Mortgage rates have risen to 6.46%, the highest in seven months. • Average gas prices have reached levels not seen since 2022. • Homebuyers and sellers are invited to share their experiences with the current market.

economy housing market real-estate mortgage

People & Organizations

El PasoFreddie Mac

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