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“The cascading impacts of the war in Ukraine have created market uncertainty,” says Freddie Mac’s chief economist.
“When global investors sense increased uncertainty, there is a ‘flight to safety’ in the U.S. Treasury bonds,” one economist says.
Rates may increase while purchasing a house, and with home buyers already stretching their budgets, that difference could have a big impact.
“As interest rates rise in the coming year, you could see folks using more second-lien products," says an Urban Institute analyst.
Lawmakers in support of the bill hope the offer will attract more young people to own a home in the state.
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