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Mortgage Rates Surge Above 7% — Michigan Homebuyers, Builders Feel The Squeeze

Summary by MITechNews
Michigan homebuyers are confronting another affordability squeeze as 30-year mortgage rates climb above 7%, while home prices remain nearly 6% higher than a year ago. The impact could extend beyond buyers to home builders, mortgage lenders and consumer spending across the state. ANN ARBOR — Mortgage rates have surged above 7% for the first time
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MITechNews broke the news on Friday, September 25, 2026.
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