So far, based on available data, there’s no evidence of a dramatic increase in joblessness in the country. Weekly applications for unemployment benefits even fell in the most recent figures released by US states. The current level, 218,000, is low by historical standards — less than the average during the five years before the pandemic.
The unaffordable housing market is causing a growing number of home buyers to take on adjustable-rate mortgages to cut their borrowing costs. They reset usually after three to 10 years, which can saddle borrowers with higher monthly payments if mortgage rates have risen over that time. https://buff.ly/tyTDcE8
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