
Economy•
US Housing Market Cools as Interest Rates Climb
The U.S. housing market is experiencing a significant slowdown as Federal Reserve rate hikes push mortgage rates to multi-year highs, reducing affordability.
Liam Campbell is a consumer finance correspondent for Wealtoro, specializing in insurance markets, personal transportation costs, and the economic factors affecting household budgets. He reports on trends in the auto, home, and health insurance industries.
The U.S. housing market is experiencing a significant slowdown as Federal Reserve rate hikes push mortgage rates to multi-year highs, reducing affordability.
U.S. car insurance premiums have surged by over 22% in the last year, the largest increase in decades, driven by high repair costs and more frequent accidents.