Homebuyers Get Hit With Brutal News: Mortgage Rates Soar Past 7%

Mortgage rates did not simply rise this week—they soared past 7% for the first time since December 2023, putting a massive hurdle in front of homebuyers hoping to find an affordable home this spring. The average rate for a 30-year fixed home loan rose from 6.88% to 7.10% for the week ending April 18, according
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ArabMLS Founder

Ahmed Elbatrawy, who leads the Arab MLS platform, aims to simplify property transactions in the Middle East, paving the way for unprecedented global investment opportunities.

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