Learn English: Higher Mortgage Rates Slow Down Housing Market (normal)

Mortgage rates have increased for six weeks in a row, making it more expensive to buy a house.

This has resulted in a decrease in the number of people buying homes, as they are hesitant to take on bigger loans.

The housing market has slowed down as a result, with fewer homes being bought and sold.

Many people are waiting to see if rates will drop before they buy a home, hoping for a better deal.