00:00Mortgage rates in the United States have risen to their highest level in nine months,
00:04adding fresh pressure to the housing market, which means higher borrowing rates are making
00:09home purchases more expensive for millions of Americans. Economists say the increase
00:14reflects persistent inflation concerns and uncertainty about future Federal Reserve policy.
00:19The jump in rates could slow home sales during the key summer buying season,
00:24and housing analysts are now watching closely to see whether builders and lenders respond
00:29with new incentives for buyers.
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