Mumbai led in transactions, reflecting a trend in course of opulent dwelling spaces. Play a key role in the housing market, because mortgage charges directly impression the value of borrowing for a homebuyer. When mortgage rates move higher, monthly mortgage payments go up, which might restrict how much home a homebuyer can afford in their monthly budget and how a lot they will get preapproved to borrow from a mortgage lender. When charges transfer up, this stifles homebuyer demand, which finally ends up in a slowdown in the housing market and residential gross sales.
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