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  • Jay Powell: "Activity in the housing sector has weakened significantly, in large part reflecting higher mortgage rates." The data shows that rates going from 3% -> 6% has disqualified 18 million households from qualifying for a $400K mortgage.
    Jay Powell: 'Activity in the housing sector has weakened significantly, in large part reflecting higher mortgage rates.'  The data shows that rates going from 3% -> 6% has disqualified 18 million households from qualifying for a $400K mortgage.
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