Rocketing rates roil real estate

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The party’s over.

After enjoying a few years of historically low interest rates that fueled a boom in real estate investments, those working in the residential and commercial sectors are dealing with a new reality, as the highest rates in more than a decade begin to slow sales, impact trades and shave yields.

On the residential side, mortgage rates have now eclipsed 5.4 percent for a 30-year fixed-rate loan and are sure to head even higher, after the Fed raised interest rates another…

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