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Slowdown in US Mortgage Market Could Affect Citi’s Q3 Results

Andrew Brunton
Slowdown in US Mortgage Market Could Affect Citi’s Q3 Results

For the past few months, the US mortgage market has been facing a slowdown due to the Federal Reserve’s hawkish monetary policy. In a rising interest rate scenario, a borrower’s ability to afford a loan decreases, which affects the demand for mortgage loans.