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The public plea for immediate rate cuts highlights a growing strain on buyers and builders. Here’s what it reveals about where mortgage rates, and the housing market, may be headed next.
The Federal Housing Finance Agency’s director isn’t mincing words about what needs to happen with interest rates. William J. Pulte took to X (formerly Twitter) this week with a direct message for Federal Reserve Chair Jerome Powell: Cut rates now. TheStreet cited Pulte’s May 27 post on X, “Jay Powell needs to lower interest rates — enough is enough.” His frustration is palpable, and he’s got the…
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