Russia's 2026 subsidized mortgage costs rise to 1.6-1.7 trillion rubles as rates climb
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The Mortgage Bankers Association's purchase index fell to 129.2, an 18% year-over-year decline and near all-time lows, signaling a severe contraction in US housing demand. This reflects sustained high mortgage rates and affordability constraints, with implications for housing-related sectors and broader economic growth.
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