The big story in the housing market right now is mortgage rates, which rose for the third straight week to hit 6.5%. After a year that saw a record housing boom into all-time highs in home equity, things have ground to a halt. The realities that people just don't want to sell their homes because they're probably locked into a mortgage rate that they'd never be able to get if they had to purchase a new house. That means inventory is incredibly low and there also just aren't a ton of buyers right now.
The Fed is set to raise rates again following new economic numbers from the weekend, A new report from the U.S. Energy Department concludes that the lab leak theory is the most likely way COVID began, and the Air Force releases personal military records of several political candidates to Democrat opposition research firms. Get the facts first with Morning Wire.
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