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Fed rate hike could price millions out of housing market
The U.S. Central Bank’s decision to implement the steepest rise in interest rates for nearly 30 years will have a ripple effect across the economy.
In its bid to combat soaring inflation the Federal Reserve’s move is likely to roil the U.S. mortgage industry making an already highly stressful process even more difficult for would-be homeowners.
CGTN’s Kate Fisher reports.
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